Sunday, 25 November 2018

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-11-2018


Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-11-2018


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 . 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 Immediate support for GBPINR is 90.53.Resistance for the GBPINR is 92.21-93.04-93.55-93.75-94.11-94.87-95.36- 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 92.103 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing BUY signal  Intraday Trend- Buy only if open above 91.793 with a stop at 90.848 or buy above 92.094 Below 90.549 go for sell or sell if open below90.848
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