Buy JPYINR above 58.1538 TGT 58.6033 SL 58.0027 - GEPL Capital
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Chart for the day
JPYINR (Daily) - 58.0725
Observation
* Prices on Hourly time frame have sustained above the neckline of inverse Head and shoulder after the breakout on 24/6/2022.
* After a strong down trend, we can spot positive divergence between Prices and MACD .
* At the current price levels around 58.0381 we can spot Change in polarity by the prices
* We can spot Positive cross over by 18EMA and 36EMA in last trading session as well as MACD positive Crossover above zero line.
Inference
* Buy above 58.1538 TGT 58.6033 SL 58.0027
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Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
