Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-04-2017
MTECHTIPS:- 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 SELL signal For short term Pound is in SELL position.Positionally Support for GBPINR is 80.58-.Resistance for the GBPINR is 81.47-81.52-82.88-83.28-83.87-85.85-
In medium term Pound is relatively strengthening against Euro- Yen- In long term Pound is relatively strengthening against Euro- Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position GBPINR is showing some Up momentum So buy above 80.657 with stop at 79.885 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 only above 81.563 with a stop at 80.678 Below 80.499 go for sell and put stop at 81.382
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