Mtechtips MCX-SX GBPINR INTRADAY trading analysis 21-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 21-04-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Pound. 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 The current position is BUY .Positionally Support for GBPINR is 81.88-80.93-80.91-80.9-.Resistance for the GBPINR is 83.17-83.75-85.46-
In medium term Pound is relatively strengthening against 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 LONG position GBPINR is moving sideways so short term investor better to buy only above 83.1 with stop at 80.8025 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 83.086 with a stop at 82.465 Below 82.375 go for sell
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