Feb 08 2019

Trade idea of the day

USDINR- In hourly chart, Intraday traders can take buy position for near term target. Stochastic is at 19 which is in oversold territory and willing to give bullish crossover signal.RSI is at 38 (near to the oversold zone).

Our Preference- Buy at 71.20-22

Target- 71.40

Stop loss- 71.08


EURINR- According to this chart, this pair is likely to rise. Momentum Indicators are in oversold zone or near to it- Stochastic is at 29 and Relative Strength Index is at 39 which indicates price are oversold.

Our Preference- Buy at 80.80

Target- 81.10

Stop loss- 80.65