Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-07-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-07-2017
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 showing SELL signal but has moved past its recent high with good volume points to a positive break out . 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 and closed above 1 week high with volume signals up breakout.Positionally Support for GBPINR is 83.5-83.42-83.2-83-82.99-82.71-82.32-. Immediate resistance for GBPINR is 84.4In 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 GBPINR closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 83.829 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 84.378 with a stop at 83.822 Below 83.742 go for sell with a stop at 84.298
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