Mtechtips MCX-SX GBPINR INTRADAY trading analysis 31-08-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 31-08-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal For short term Pound is in HOLD SHORT position.Positionally Support for GBPINR is 82.6-82.37-.Resistance for the GBPINR is 83.4-83.68-83.73-83.74-83.82-In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Euro-Short term and Intraday Level of Pound with RupeeCurrently GBPINR is in HOLD LONG position GBPINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 83.406 with stop at 81.93 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 83.406 with a stop at 82.724 Below 82.604 go for sell and put stop at 83.286
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