Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-10-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-10-2017
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 84.53-84.12-83.78-83.2-.Resistance for the GBPINR is 86.76-87.26-87.51-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 is moving sideways so short term investor better to buy only above 86.5825 with stop at 85.575 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 86.523 with a stop at 85.898 Below 85.808 go for sell
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