Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-05-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-05-2017
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 SELL signal For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 82.77-82.74-82.4-81.91-81.66-.Resistance for the GBPINR is 83.64-84.97-
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 In GBPINR is in up trend but last day trend was weak so adhere to stop at 83.423 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 82.834 with stop loss at 83.537 Buy is advised only above 83.727
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