Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-12-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-12-2017
MTECHTIPS:- The 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 on SELL signal and GBPINR is coming down from overbought level For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 85.95-85.84-85.61-85.13-84.73-83.52-. Immediate resistance for GBPINR is 87.6 In medium term Pound is relatively strengthening against Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position GBPINR is in sideways so for short term better buy above 87.475 or hold with stop at 85.5025 The next resistance will be at 87.2525 The oscillator is showing BUY signal Intraday Trend- Buy above 87.475 and keep stop below 86.746 Target is 87.665 next 87.986 Below 86.557 trend reversal can occur and next level is 86.237
WWW.MTECHTIPS.COM
07489294118-119