Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-08-2017
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 83.81-83.67-83.61-83.05-82.97-82.93-82.4-. Immediate resistance for GBPINR is 85.51In 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 LONG position In short term GBPINR is in strong up trend so hold with stop at 84.519 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 above 85.441 with a stop at 84.63 Below 84.481 go for sell with stop at 85.29
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