Mtechtips MCX-SX GBPINR INTRADAY trading
analysis 19-11-2018
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 . In last few days volume based
selling happened in the Pound 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 Support for GBPINR is 91.42-.Resistance
for the GBPINR is 93-93.68-94.51-94.63-95.38-95.61- In medium term Pound is
relatively strengthening against Dollar- Yen- In long term Pound is relatively
strengthening against Dollar- Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position The GBPINR is in downtrend For short
term buy only if close above 93.493 The GBPINR is now trading in highly
oversold level. The GBPINR is now trading in highly oversold level. The
oscillator is showing SELL signal Intraday Trend- Buy is advised only above
92.715 with a stop at 92.016 Below 91.896 go for sell and put stop at 92.595
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