Mtechtips MCX-SX GBPINR
INTRADAY trading analysis 22-01-2016
Mtechtips After hitting
a high of 96.7075, GBPINR retraced towards 96.1850 and settled at 96.3150. A
high wave stick formation on EOD chart is indicating for bullish trend
reversal. But GBPINR would need to trade above 96.75 in order to give bullish
move towards 98.00-98.50; else any rise towards 96.50-96.60 could attract short
term selling activities. On the downside, target would be 96.20-96.00.
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