Mtechtips MCX-SX GBPINR INTRADAY trading analysis 22-03-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 22-03-2017
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 BUY signal For short term Pound is in SELL position.Positionally Support for GBPINR is 80.7-.Resistance for the GBPINR is 81.84-82.66-83.59-84.08-84.1-86.99-
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 In short term GBPINR is in strong up trend so hold with stop at 80.947 The oscillator is showing BUY signal
Intraday Trend- is in intraday buy level better buy above 81.803 or in low buy above 81.088 Target is 82.004 next 82.344 Below 80.888 trend reversal can occur so keep long stop at 80.888
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