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Last Updated : Apr 13, 2017 10:45 AM IST | Source: Moneycontrol.com

Sell USDINR; target of 64.30 : Way2Wealth

Way2Wealth has come out with its report on currency. According to the research firm, one can sell USDINR for the target of 64.30 with a stop loss of 65.05.


Way2Wealth's currency report on USDINR


USDINR futures opened flat in the last session and prices consolidated for most of the session in the range of 64.70-64.80 levels. Prices have taken strong resistance at its short term declining trend line and made a doji candlestick pattern on the daily chart.  Prices are expected to fall from these levels towards next strong support placed around its recent bottom of 64.30 level.


Pair : USDINR
Action : Sell
Entry : 64.80
Target : 64.30
Stop Loss : 65.05

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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First Published on Apr 13, 2017 10:45 am
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