Mtechtips MCX-SX GBPINR INTRADAY trading analysis 21-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 21-08-2017
MTECHTIPS:- 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. 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 SELL position.Positionally Immediate support for GBPINR is 82.37.Resistance for the GBPINR is 83.33-83.7-83.73-83.74-83.75-84.14-84.15-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 SHORT position GBPINR is in sideways so for short term better buy above 83.67 with stop at 82.6975 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 83.066 with a stop at 82.565 Below 82.505 go for sell
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