Sell EURINR below 80.75 Target 78.6600 SL 82.15 - GEPL Capital
Chart for the day
EURINR (Daily) - 81.0075
Observation
* Prices of EURINR has been respecting the down trending trend line since April 2021, Prices have shown a reversal by taking resistance from the trend line (29th June 2022)
* In the previous trading session prices gave a breakdown from symmetrical triangle, which was forming since March 2022.The break down was carried by high volumes.
* Post breakout we can spot rejection by the prices to move higher.
* RSI is falling and has sustained below 50 (Currently 36.8), indicating bearish momentum.
Inference
Sell below 80.75 Target 78.6600 SL 82.15
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://geplcapital.com/term-disclaimer
SEBI Registration number is INH000000081.
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory