Mtechtips MCX-SX GBPINR INTRADAY trading analysis 28-07-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 28-07-2017
MTECHTIPS:- The Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Pound. 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 and closed above 3 week high with volume signals up breakout.Positionally Support for GBPINR is 83.61-83.45-83.31-83.03-82.98-82.77-82.33-. Immediate resistance for GBPINR is 85.07In 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 RupeeGBPINR 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 84.064 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 85.12 with a stop at 84.231 Below 84.052 go for sell with stop at 84.94
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