Mtechtips MCX-SX GBPINR INTRADAY trading analysis 21-05-2019
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 21-05-2019
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 . In last few days volume based selling happened in the Pound 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 SELL position.Positionally Immediate support for GBPINR is 88.27.Resistance for the GBPINR is 91.12-91.16-91.19-91.54-91.72-92.17-92.36- In medium term Pound is relatively strengthening against Euro- Dollar- Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD SHORT position The GBPINR is in downtrend For short term buy only if close above 89.862 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 89.829 with a stop at 88.483 Below 88.153 go for sell and put stop at 89.499
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