Mtechtips MCX-SX GBPINR INTRADAY trading analysis 28-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 28-08-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend and the trend is supported with good volume 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 81.6.Resistance for the GBPINR is 83.17-83.35-83.53-83.7-83.71-83.92- 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 The GBPINR is in downtrend For short term buy only if close above 82.365 The GBPINR is now trading in highly oversold level. The GBPINR is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 82.425 with a stop at 81.906 Below 81.846 go for sell and put stop at 82.364
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