Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-10-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-10-2017
MTECHTIPS:- The Pound is strengthening against Indian Rupee in long- medium- term .Currently Pound is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 SELL position.Positionally Support for GBPINR is 84.49-84.06-83.75-83.2-.Resistance for the GBPINR is 86.65-87.43-87.56- In long term Pound is relatively strengthening against Euro- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD SHORT position GBPINR is showing some Up momentum So buy above 86.256 with stop at 85.575 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 86.643 with a stop at 86.028 Below 85.938 go for sell and put stop at 86.553
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