Rupee Take Profit

As suggested on 10th October, please take profit on your Dollar-Rupee long positions here or around 52.50.





Please refer the chart, Dollar-Rupee is now moving into a steep channel and is now expected to consolidate here for a further higher move. If this pair closed on monthly charts above the previous high (i.e. 52.17) then there are very bright chances that it may go upto 54.50. So it advised to wait for a better level to reenter again.

Reference Link: Rupee Moving Forward