Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-08-2017
MTECHTIPS:- The Pound is strengthening against Indian Rupee in long- medium- term .Currently Pound is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 SHORT position.Positionally Support for GBPINR is 83.08-83.01-82.58-.Resistance for the GBPINR is 84.22-84.36-84.37- 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 83.418 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 83.887 with a stop at 83.253 Below 83.153 go for sell and put stop at 83.787
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