Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-01-2017
MTECHTIPS The 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 .. 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 Pound is in SELL position.Positionally Support for GBPINR is 83.55-83.38-83.27-83.1-.Resistance for the GBPINR is 84.8-85.25-89.57-In medium term Pound is relatively strengthening against Euro- 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 LONG position GBPINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 84.499 with stop at 81.975 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 84.499 with a stop at 83.852 Below 83.742 go for sell and put stop at 84.388.
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