Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-08-2017
MTECHTIPS:- The Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Pound 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 and closed below 1 month low with volume signals down breakout.Positionally Immediate support for GBPINR is 82.37.Resistance for the GBPINR is 83.31-83.7-83.74-83.76-83.92-84.17-84.23-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 Rupee GBPINR and closed below 1 week low with volume signals down breakoutCurrently GBPINR is in HOLD SHORT position GBPINR is moving sideways so short term investor better to buy only above 83.67 or hold with stop at 82.6975 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 83.256 with a stop at 82.395 Below 82.215 go for sell
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