Nov 22 2018

USDINR Trade idea

USDINR- In this chart, Rupee seems to retest 71.50 mark. Stochastic is in oversold territory with the bullish crossover. Secondly, RSI is at 29 and unable to sustain below 30 (can be seen in last couple of days). Bullish divergence is also visible in MACD indicators.

Our preference- Buy at 71.15

Target- 71.30 & 71.50

Stop loss-71.00