Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-01-2018

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-01-2018
MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in downtrend 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 showing BUY signal For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 86.7-86.49-86.17-86.01-85.9-85.65-84.17-. Immediate resistance for GBPINR is 88.89 In medium term Pound is relatively strengthening against Euro- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 88.041 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 88.928 with a stop at 88.243 Below 88.133 go for sell with a stop at 88.817.
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