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Buy USDINR above 79. 59 Target 80 SL 79.45 - GEPL Capital
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Chart for the day
EURINR (Daily) - 80.6725
Observation
* Prices of USDINR after creating gap on 29th June 2022 it never filled the gap, which indicated the strong buying pressure.
* Prices have been following clear uptrend with taking support from 20 EMA since February, 2022.
* Post the gap prices were moving in a narrow range of 79.59—78.82, In the latest trading session, prices have given a breakout from the narrow range, indicating move on upside. The breakout was followed by high volumes.
* MACD has a positive crossover above zero line indicating momentum in the price at the record highs.
Inference
Buy above 79. 59 Target 80 SL 79.45
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Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
