Mtechtips MCX-SX GBPINR INTRADAY trading analysis 18-05-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 18-05-2017
MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in 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 on SELL signal and GBPINR is coming down from overbought level For short term Pound is in SELL position.Positionally Support for GBPINR is 82.92-82.84-82.64-82.39-82.25-81.64-.Resistance for the GBPINR is 84.84-
In long term Pound is relatively strengthening against Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position The GBPINR is in downtrend .Last day GBPINR was in bull trend So short term buyers buy if close above 83.216 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 the GBPINR above 83.647 with a stop at 82.874 Target is 83.797 next 84.048 Below 82.874 trend reversal can occur so keep long stop at 82.874
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