Buy USDINR above 80.13 Target 80.35 SL 79.90 - GEPL Capital
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Chart for the day
USDINR (HOURLY) - 80.08
Observation
* Prices of USDINR are trading around its all time high level which suggest that prices have strong momentum in it.
* In the latest trading session prices have given a breakout from symmetrical triangle pattern.
* The breakout was followed by high volumes which suggest bullish sentiments in prices.
* Prices on hourly timeframe have given a close above upper Bollinger band, which indicates increase in the volatility
Inference
Buy above 80.13 Target 80.35 SL 79.90
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Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
