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

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 08-08-2017
MTECHTIPS:- The Pound is strengthening against Indian Rupee in long- medium- term .Currently Pound is in strong uptrend and the trend is supported with good volume 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 SELL signal For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 83.08-83.05-82.99-82.5-.Resistance for the GBPINR is 84.31-84.46-84.63-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 SHORT position The GBPINR is in downtrend For short term buy only if close above 84.118 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 84.038 with a stop at 83.323 Below 83.193 go for sell and put stop at 83.907
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