Mtechtips MCX-SX GBPINR INTRADAY trading analysis 18-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 18-08-2017
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 .Resistance for the GBPINR is 83.31-83.7-83.74-83.76-83.92-84.17-84.23- Short term and Intraday Level of Pound with RupeeIntraday Trend- Buy is advised above 83.256 with a stop at 82.395 Below 82.215 go for sell
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