Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-02-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . 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 83.17.Resistance for the GBPINR is 84.52-84.57-84.65-84.79-84.88-85.03-88.8-
In medium term Pound is relatively strengthening against Euro- 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 is moving sideways so short term investor better to buy only above 84.4575 with stop at 83.5 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 84.288 with a stop at 83.393 Below 83.203 go for sell
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