Mtechtips MCX-SX GBPINR INTRADAY trading analysis 29-03-2019
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 29-03-2019
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend 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 BUY signal For short term Pound is in HOLD SHORT position.Positionally Immediate support for GBPINR is 89.82.Resistance for the GBPINR is 91.72-91.81-91.88-92.16-92.3-92.66-92.8- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position The GBPINR was in uptrend but yesterday market closed in confusion so better hold with tight stop at 91.134 If trades and sustain below 91.105 be alert The oscillator is showing BUY signal Intraday Trend-The GBPINR closed in a confusion manner So buy for intraday only above 91.603 with a stop at 90.768 If opens below 90.768 or trade below 90.608 be cautious or go for sell with stop at 91.443
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