Mtechtips MCX-SX GBPINR INTRADAY trading analysis 28-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 28-04-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong uptrend 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 BUY signal For short term The current position is BUY .Positionally Support for GBPINR is 82.42-82-81.71-81.39-81.32-.Resistance for the GBPINR is 83.62-85.19-
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 SHORT position GBPINR is in sideways and sellers was at high so for short term better buy above 83.557 or hold with stop at 82.2375 The next resistance will be at 83.175 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 83.557 with a stop at 82.814 Below 82.684 go for sell and put stop at 83.427
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