Mtechtips MCX-SX GBPINR INTRADAY trading analysis 22-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 22-08-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend 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 82.14.Resistance for the GBPINR is 83.34-83.59-83.71-83.72-83.74-84.02-84.13-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 Currently GBPINR is in HOLD SHORT position The GBPINR is in downtrend For short term buy only if close above 82.9 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 83.146 with a stop at 82.545 Below 82.455 go for sell and put stop at 83.056
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