Buy EURINR above 81.53 Target 82.36 SL 80.93 - GEPL Capital
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Chart for the day
EURINR (Daily) - 80.48
Observation
* Prices of EURINR after a the breakout have rallied on the upside with strong momentum.
* We witnessed a positive crossover in moving averages of 12 EMA and 26 EMA in the previous session, indicating positive trend.
* The MACD has sustained above zero line, indicating the tendency to trend.
* The RSI is Rising and above 60, currently at 74 suggesting a strong momentum in the prices.
Inference
Buy above 81.53 Target 82.36 SL 80.93
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