Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-10-2018
MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in uptrend 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 SELL signal For short term Pound is in SELL position.Positionally Support for GBPINR is 95.14-94.9-93.73-91.55-91.14-90.99-90.15-. Immediate resistance for GBPINR is 96.64 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 crossed the high so for short term better buy above 96.312 with stop at 95.05 The oscillator is showing BUY signal Intraday Trend- Buy above 96.312 and keep stop below 95.608 Target is 96.473 next 96.743 Below 95.449 trend reversal can occur and next level is 95.179