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Rupee Vs Usd (Spot) Inr: Higher Range Is To Take Profits

23 Aug 2016 10:07 am
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Report For Date: 23/08/2016


Rupee Vs Usd (Spot) Inr: Higher Range Is To Take Profits



Traders long and holding the same can maintain the stop loss at 67.

Further rise will continue above 67.55.

Rise to 67.34-67.61 can be witnessed and is to take profits on long position.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

67.19

67.00

UP

67.1

19.08

66.79

67.06

67.21

67.34

67.61

*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC
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