Long some USD / INR
Basis:-
1. Monthly and weekly RSI above 60
2. Unbroken uptrend indicated by trend line and 5SMA crossing 20 SMA from bottom
3. Hammer like candle formations indicated by arrows
4. Good volumes indicated by arrows
5. Fibonacci retracement level of 61.8% and 78.6% crossed
Target indicated by Horizontal line around 77 INR
Stoploss as per individual risk management
Lets go long!!
Do like, share and follow if you like my post.
Simple analysis.
Basis:-
1. Monthly and weekly RSI above 60
2. Unbroken uptrend indicated by trend line and 5SMA crossing 20 SMA from bottom
3. Hammer like candle formations indicated by arrows
4. Good volumes indicated by arrows
5. Fibonacci retracement level of 61.8% and 78.6% crossed
Target indicated by Horizontal line around 77 INR
Stoploss as per individual risk management
Lets go long!!
Do like, share and follow if you like my post.
Simple analysis.