Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-08-2017
MTECHTIPS:- The Pound is strengthening against Indian Rupee in long- 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 82.64-.Resistance for the GBPINR is 83.69-83.75-83.77-84.15-84.21-84.31- In medium term Pound is relatively strengthening against Euro- Yen- 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 is moving sideways so short term investor better to buy only above 83.67 with stop at 83.065 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 83.597 with a stop at 83.133 Below 83.093 go for sell
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