Mtechtips MCX-SX GBPINR INTRADAY trading analysis 04-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 04-08-2017
MTECHTIPS:- The Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. 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 Pound is in HOLD LONG position.Positionally Support for GBPINR is 83.81-83.67-83.06-83.02-82.98-82.45-.Resistance for the GBPINR is 84.64-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 Rupee Currently GBPINR is in HOLD LONG position GBPINR is in sideways so if buying has to considered better above85.17 or hold with stop at 84.09 The oscillator is showing SELL signal Intraday Trend- Sell if open below 83.972 or sell below 83.812 with stop loss at 84.639 Buy if open above 84.639 or buy above 84.799 with stop loss at 83.972
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