Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-07-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-07-2017
MTECHTIPS:- The Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is moving sideways The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the GBPINR if it close above84.99 or buy with strict stop at 81.2. 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 83.18-82.9-82.89-82.65-82.37-82.3-.Resistance for the GBPINR is 84.19-In medium term Pound is relatively strengthening against Euro- Dollar- In long term Pound is relatively strengthening against Euro-Short term and Intraday Level of Pound with RupeeCurrently GBPINR is in HOLD SHORT position GBPINR is in sideways so for short term better buy above 84.008 with stop at 83.25 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 84.008 with a stop at 83.363 Below 83.253 go for sell and put stop at 83.897
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