Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-12-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-12-2017
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 85.99-85.94-85.89-85.64-85.17-84.76-83.54-. 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 has formed a high yesterday but failed to keep the trend so if buying has to considered better above87.184 The oscillator is showing BUY signal Intraday Trend- Sell if open below 86.307 or sell below 86.127 with stop loss at 87.004 Buy if open above 87.004 or buy above 87.184 with stop loss at 86.307
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