On the daily chart, GBPINR (Sep) has a formed a “Bullish Engulfing Formation”, which suggests strength in the counter.
Moreover, price has witnessed support near its “Horizontal Line Formation” Het which indicates an upward bias. te
Furthermore, Super Trend (7,1) has given a a buy signal which confirms positive f momentum in the counter.
Also, momentum indicator Stochastic (6) has shown a positive crossover, which confirms that the bulls arein control. “= Additionally, RS1(14) has crossed above its oversold zones which signals bullish | presence. _
Basedon the above technical structure, we suggest a bullish movement in GBPINR esi (Sep) towards the level 97.10 in the near 7 term.
Buy GBPINR (Sep) @ 95.04 SL 94 TGT 97.10
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