Aggressive buy at 64.70 or wait for the breakout to happen at 64.80. keep stop loss at 64.60 and trail it. Target 1 : 65.07
Continuation On MACD supporting upside in USDINR chart
Last Traded Price was 67.85- As per previous update, look for the zone 67.15-67.41 as key zone & 67.15 as critical level where Dollar rupee likely to bounce as that zone troubled for a good number of months acting as resistance zone & most likely to form support so they have changed their role from resistance to support- that is called polarity reversal. Related...
Here we have potential ABCD completion around 66.1's in USDINR but it will happen only after the support at 66.5's takenout. As of now I expect USDINR will move little up to 66.85's before starting its downward move. Incase the resistance is taken out, we need to decide based on what happens after that. Hit Like button to keep me motivated to post more...