Mar 06 2019

Trade idea of the day

USDINR– In hourly chart, the price of the pair is likely to revive for intraday target. Momentum indicators signaling bullishness- RSI is at 33(near to oversold zone) and Stochastic is at 18 (oversold zone).

Our Preference– Buy at 70.50

Target– 70.75

Stop loss– 70.38

EURINR– Intraday traders can take buy position for near term target. Applied technical studies indicates bullishness in price action- Stochastic already given bullish crossover signal and RSI is at 45(moving upward).

Our Preference– Buy at 79.80

Target-80.10

Stop loss– 79.65