USDINR has made Descending triangle. Break of 64.70. target should be 64.10 in one month time frame.
Comment:
USDINR gave breakdown n gave close at 64.59. Next tgt 64.40 n 64.10 if all goes well 63.75.
Trade active:
One can again go Short at spot 64.70 lvl.
TGT - 64.40 and 64.30.
TGT - 64.40 and 64.30.
Trade active:
Price have seen bounce from previous gape at 64.45. yesterday offshore gave closing near to neckline 64.70. Again good to short at 64.70 stop will come @ 64.80 on closing basis and tgt should be 64.45 to 64.50......