Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-10-2019
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-10-2019
MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in downtrend but volume is unsatisfactory The open interest is not increasing with trend .. 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 .Positionally Support for GBPINR is 89.48-88.18-88.08-88.04-87.94-87.23-86.9-. Immediate resistance for GBPINR is 91.81 In long term Pound is relatively strengthening against Euro- Dollar- Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position GBPINR has formed new high but the trend looks weak so better buy above 91.543 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 91.44 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing BUY signal .
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