Mtechtips MCX-SX GBPINR INTRADAY trading analysis 23-04-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 23-04-2018

MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong uptrend and the trend is supported with good volume 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 BUY signal For short term The current position is BUY .Positionally Support for GBPINR is 92.27-91.79-90.84-89.75-88.79-86.64-.Resistance for the GBPINR is 93.44- In long term Pound is relatively strengthening against Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD SHORT position GBPINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below92.325 Buy if above 94.415 The oscillator is showing SELL signal Intraday Trend- Sell if open below 92.555 or sell below 92.325 with stop loss at 93.366 Buy if open above 93.366 or buy above 93.597 with stop loss at 92.555

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