Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-09-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-09-2017
MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend 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 The current position is BUY .Positionally Support for GBPINR is 83.39-83.31-83.07-83.03-83-82.97-82.95-. Immediate resistance for GBPINR is 85.54In 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 Rupee Currently GBPINR is in HOLD LONG position GBPINR has crossed the high so for short term better buy above 85.521 with stop at 83.6575 The GBPINR is now trading in highly overbought level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal Intraday Trend- Buy above 85.521 and keep stop below 84.78 Target is 85.721 next 86.062 Below 84.581 trend reversal can occur and next level is 84.241
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