Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-07-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-07-2017
MTECHTIPS:- The Pound is Strongly strengthening against Indian Rupee .Currently Pound is moving sideways 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 .In last 1 month volatality is very less Buy the GBPINR above 84.99 or buy with strict stop at 81.68. 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 HOLD SHORT position.Positionally Support for GBPINR is 83.43-83.24-83.11-82.9-82.67-82.44-82.29-. Immediate resistance for GBPINR is 84.99In medium term Pound is relatively strengthening against Euro- In long term Pound is relatively strengthening against Euro-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 84.178 or hold with stop at 82.9225 The next resistance will be at 83.8175 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 84.178 with a stop at 83.543 Below 83.443 go for sell and put stop at 84.078
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