Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-09-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-09-2017
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 . Cautious point is buying at higer levels seems decreasing. 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 84.61-83.96-83.46-83.35-83.17-83.14-83.1-. Immediate resistance for GBPINR is 87.67 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 LONG position In GBPINR is in up trend but last day trend was weak so adhere to stop at 85.754 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Sell if open below 86.397 with stop loss at 87.495 Buy is advised only above 87.875
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