Buy GBPINR (March) @ 101.80 SL 100.55 TGT 104 - Choice Broking
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* On the daily chart, GBPINR March future has confirmed Bullish Harami Candlestick pattern, which is a sign of bullish reversal.
* Moreover, the price has taken support at Rising Trendline and pulled back from the line, which indicates immediate support in the counter.
* Additionally, the price has been trading above the Ichimoku Cloud formation and 50 days Simple Moving Averages, which supports the bullish trend.
* Spurt in volume has been noticed in the prior sessions, which shows buying interest among the traders.
* Also, an oscillator Stochastic showed a ae positive crossover, which confirms positive momentum.
* Based on the above technical structure, we expect a bullish movement in GBPINR (Mar) towards the level of 104 inthe near term.
Buy GBPINR (March) @ 101.80 SL 100.55 TGT 104
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