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Jun 26, 2012, 12.29 PM IST
Way2Wealth has come out with its report on USD/INR, EURINR and GBPINR. According to the research firm one can buy USDINR around 57.30 with a target of Rs 57.80.
Way2Wealth has come out with its report on USD/INR, EURINR and GBPINR. According to the research firm one can buy USDINR around 57.30 with a target of Rs 57.80.
USDINR: 57.0725- The pair is rising in an upward sloping parallel channel and the upside target is 57.80. It has a minor hurdle at the middle line of the channel i.e. around 57.30. RSI (14) has entered the neutral zone from the over sold zone. EURINR: 71.2750- Pair has completed the double bottom chart pattern on the daily chart. Hence, one can initiate long positions with a stop loss of 71 on closing basis. RSI (14) is in the neutral zone. GBPINR: 88.70- It is moving in an upward sloping parallel channel, so any pullback near the lower end of the channel should be utilized to create long positions for an upside target of 89.80. The crucial support on the lower side is pegged at 88.10 RSI (14) is inline with the chart pattern. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here |
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