Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-09-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-09-2017
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 SELL signal For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 86.57-85.74-84.41-83.93-83.51-83.41-83.16-. Immediate resistance for GBPINR is 88.85In 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 is in profit booking mode so either sell of or keep stop at87.748 so better sell and enter at lower level The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is on SELL signal and GBPINR is coming down from overbought level Intraday Trend- Sell if open below 87.535 with stop loss at 88.136or sell below 87.415 Buy is not advised till it cross 88.256
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