Buy USDINR (July) @ 74.14 SL 73 TGT 76.50 - Choice Broking
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USDINR
On the daily chart, USDINR has given Double Bottom pattern breakout, which indicates reversal inthe counter.
Moreover, the price sustained above Upper Bollinger Band formation that Sugeest bullish strength for the long term.
Furthermare, the price has also settied above 21-Days Moving Averages, which point-out positive trend far the near term.
In addition, Volume spurt has been noticed inthe recent trading sessions, which shaws buying interest among the traders,
Also, a. momentum indicator RS! (14) & MACD showed positive crossover on the daily chart.
Based on the above technical Structure, we sugpest a bullish movement in USDINR (July) towards the level of 76.50 in the near term,
Buy USDINR (July) @ 74.14 SL 73 TGT 76.50
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