Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-08-2017
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 .Positionally Support for GBPINR is 83.7-83.58-83.5-83.03-82.97-82.88-82.37-. Immediate resistance for GBPINR is 85.07 In 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 RupeeCurrently GBPINR is in HOLD LONG position GBPINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 84.94 with stop at 83.795 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 84.94 with a stop at 84.351 Below 84.261 go for sell and put stop at 84.849
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