Mtechtips MCX-SX GBPINR INTRADAY trading analysis 14-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 14-02-2017
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 84.51-84.61-84.73-84.75-85.04-88.74-
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 SHORT position GBPINR is moving sideways so short term investor better to buy if close above 84.4575 closing below 83.5 Sell will happen. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 84.429 with a stop at 83.802 Below 83.702 go for sell and put stop at 84.328
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