Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-03-2019 MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing SELL signal For short term Pound is in HOLD SHORT position.Positionally Immediate support for GBPINR is 90.6.Resistance for the GBPINR is 91.76-92.26-92.31-92.48-92.54-92.82-93.05- In long term Pound is relatively strengthening against Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position GBPINR is in sideways but the trend looks weak so better buy above 92.7875 or hold with stop at 90.96 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 92.7875 The oscillator is showing BUY signal Intraday Trend- Sell if open below 90.549 with stop loss at 91.402 or sell below 90.309Buy is not advised till it cross 91.643 WWW.MTECHTIPS.COM 07489294118-119
Published on Mar 19 2019 10:45AM, by MTECHTIPS in Currency| Share This