Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-05-2019 MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal For short term The current position is BUY and GBPINR closed below 1 week low with volume signals down breakout.Positionally Immediate support for GBPINR is 90.49.Resistance for the GBPINR is 91.33-91.37-91.51-91.75-91.85-92.29-92.39- In medium term Pound is relatively strengthening against Euro- Dollar- Yen- Short term and Intraday Level of Pound with Rupee GBPINR and closed below 1 week low with volume signals down breakoutCurrently GBPINR is in HOLD SHORT position GBPINR is moving sideways so short term investor better to buy only above 91.95 or hold with stop at 90.85 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 91.282 with a stop at 90.539 Below 90.419 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on May 16 2019 10:45AM, by MTECHTIPS in Currency| Share This