Buy EURINR above 81.69 Target 82.60 SL 81.28 - GEPL Capital
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Chart for the day
EURINR (HOURLY) - 81.67
Observation
* On Hourly chart of EURINR, Prices after a Downtrend had shown some consolidation in the form of symmetrical triangle.
* Prices in the latest trading session gave a breakout from the pattern which indicates continuation of prior leg that was on the upside.
* Prices have given a breakout from the Upper Bollinger band which tells that volatility in the prices are rising for the upside movement.
* RSI plotted on the hourly timeframe is rising and have sustained above 50 mark indicating that the prices have momentum in it.
Inference
* Buy above 81.69 Target 82.60 SL 81.28
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Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
