Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-01-2018

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-01-2018
MTECHTIPS:- The Pound is Strongly strengthening against Indian Rupee .Currently Pound is moving sideways The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the GBPINR if it close above87.03 or buy with strict stop at 85.24. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 86.03-85.93-85.91-85.87-85.78-85.36-83.99-. Immediate resistance for GBPINR is 87.03 Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position The GBPINR was in uptrend but yesterday market closed in confusion so better hold with tight stop at 86.133 If trades and sustain below 86.15 be alert The oscillator is showing BUY signal Intraday Trend-The GBPINR closed in a confusion manner So buy for intraday only above 86.753 with a stop at 86.117 If opens below 86.117 or trade below 86.028 be cautious or go for sell with stop at 86.663
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