JPYINR is resting at 200 week moving average (200WMA) on the weekly chart. The overall price action is bearish as the pair has been on a continuous downtrend since Nov'20. Will be interesting to see how the price behaves at this level.
Bullish forces can take the price upward as 200WMA can be a good support while bearish forces can take the pair further down...
SESHAPAPER is trading at confluence of multiple support zones:
1. Trend line support
2. 200DMA support
3. 200WMA support
Confluence of all these supports makes us bullish on this stock. Longs can be initiated with 225 resistance as target.