Mtechtips MCX-SX GBPINR INTRADAY trading analysis 04-05-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 04-05-2017
MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer 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 The current position is BUY .Positionally Support for GBPINR is 82.87-82.62-82.4-81.99-81.68-81.52-.Resistance for the GBPINR is 85.09-
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 in profit booking mode so either sell of or keep stop at83.096 so better sell and enter at lower level The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 83.557 with a stop at 82.994 Below 82.914 go for sell
WWW.MTECHTIPS.COM
07489294118-119