Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-03-2019
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-03-2019
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 SELL position.Positionally Immediate support for GBPINR is 89.82.Resistance for the GBPINR is 91.74-91.84-92.24-92.27-92.3-92.73- Short term and Intraday Level of Pound with Rupee The GBPINR is not giving any clear signal So buy only if close above91.9 and sell below 90.18 The oscillator is showing BUY signal Intraday Trend-The GBPINR closed in a confusion manner So buy for intraday only above 91.923 with a stop at 90.938 If opens below 90.938 or trade below 90.738 be cautious or go for sell with stop at 91.723
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