Moneycontrol
May 18, 2017 11:21 AM IST | Source: Moneycontrol.com

Buy USDINR; target of 64.65: Way2Wealth

Way2Wealth has come out with its report on currency. According to the research firm, one can Buy USDINR for the target of 64.65 with a stop loss of 64.08.

Buy USDINR; target of 64.65: Way2Wealth

Way2Wealth's currency report on USDINR

USDINR futures opened slightly lower in the last session and prices recovered gradually for the whole session till high of 64.25 level. Prices have made a hammer candlestick pattern on the daily chart which is considered a bullish trend reversal pattern. Prices are expected to recover further if break above this week’s high of 64.32 level towards strong resistance place d around its short term declining trend line currently near 64.65 level.

Pair : USDINR
Action : Buy
Entry : 64.32
Target : 64.65
Stop Loss : 64.08

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.

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