Nov 29 2018

USDINR Trade idea

USDINR- We see Rupee opens at 70.11 against dollar and touched 69.95. Here we can go for buy from 70.02. Stochastic is in oversold territory and willing to give bullish crossover signal. RSI is at 21. Along with that, There is bullish divergence in MACD.

Our preference- Buy at 70.02

Target- 70.27

Stop loss- 69.92