USDINR February futures ended slightly below 10 DEMA and formed a Doji candlestick pattern, exhibiting indecisiveness - HDFC Securities
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USDINR:
Technical Observations:
USDINR February futures ended slightly below 10 DEMA and formed a Doji candlestick pattern, exhibiting indecisiveness.
Momentum Oscillator, RSI of 14 days period is pierced below 50 and MA
MACD has been placed below a zero line and flattened.
Minor short buildup has been seen as the price declined 0.01% while OI gained 2.5%
Short Term Trend: Sideways
Expected Trading Range: 83.30 to 82.92
Intraday Recommendation: Buy USDINR Feb. Fut. at 83.10/83.01 SL 82.95 Target 83.30
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