Buy EURINR above 81.85 Target 82.25 SL 81.50 - GEPL Capital
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Chart for the day
EURINR (HOURLY) - 81.75
Observation
* Prices of EURINR after a downtrend now have started to form higher high, higher low formation, which indicates a sign of reversal .
* Prices around the Bullish trend line have given a breakout of inverse head and shoulder pattern in the latest trading session.
* The 12 & 26 EMA which is acting as a variable support for the prices have shown a positive crossover, indicating bullish sentiment.
* We witnessed a positive crossover above zero line in MACD, which indicates a strong momentum in the prices and a tendency to trend.
Inference
Buy above 81.85 Target 82.25 SL 81.50
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Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
