USDINR Trade idea

USDINR Trade idea

27 May 2019 10:23 AM
 

After opening with the gap down, the pair is likely to move upside as the chart showing that USDINR is trading at the support of a trend line. Bulls may take charge to cover up the gap as a intraday move. Momentum Indicators signalling bullishness in the prices- Stochastic slow is at 19 and Relative Strength Index is at 34, both are near to their oversold territory.

Our Preference- Buy at 69.42

Target-69.62

Stop loss-69.31