Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-09-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-09-2017
MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend 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 LONG position and closed above 3 week high with volume signals up breakout.Positionally Support for GBPINR is 83.26-83.06-83-82.99-82.92-82.69-. Immediate resistance for GBPINR is 84.73 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 RupeeGBPINR closed above 1 week high with volume signals up breakoutCurrently 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 84.759 with stop at 83.0875 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 84.759 with a stop at 84.101 Below 84.002 go for sell and put stop at 84.659
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