Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-07-2017


Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-07-2017

MTECHTIPS:- The Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Pound. 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 The current position is BUY .Positionally Support for GBPINR is 83.31-82.79-82.65-82.56-82.43-82.33-82.16-. Immediate resistance for GBPINR is 84.9In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Euro-Short term and Intraday Level of Pound with RupeeCurrently GBPINR is in HOLD LONG position GBPINR is in profit booking mode so better sell and enter at lower level 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 84.388 with a stop at 83.752 Below 83.652 go for sell

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