Moneycontrol Be a Pro
Get App
Last Updated : Apr 13, 2017 10:45 AM IST | Source:

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.

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 are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Apr 13, 2017 10:45 am
Follow us on
Available On
PCI DSS Compliant