Mtechtips MCX-SX GBPINR INTRADAY trading analysis 28-12-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 28-12-2017
MTECHTIPS:- The Pound is Strongly strengthening against Indian Rupee .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 and closed above 1 week high with volume signals up breakout.Positionally Support for GBPINR is 85.9-85.84-85.83-85.67-85.66-85.11-83.73-. Immediate resistance for GBPINR is 86.79 Short term and Intraday Level of Pound with Rupee GBPINR closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD LONG position GBPINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 87.064 with stop at 85.58 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 87.064 with a stop at 86.058 Below 85.838 go for sell and put stop at 86.843
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