Next two candles have been mentioned of the chart. Please note the following:
a. In terms of INR 196 was an important level.
b. Next level is 209.
Though 196 has been crossed and price is above 50 SMA now but William's R % is showing overbought condition, and still price is under 200 SMA. so trade carefully. If above mentioned candle is broken sell else continue. Further, in general when 50 SMA is broken next target is 200SMA.
2.21 in dollars and 188 in INR are crucial levels.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
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