Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-07-2017


Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-07-2017

MTECHTIPS:- The  Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong uptrend but volume is unsatisfactory 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 The current position is BUY and GBPINR closed below 1 week low with volume signals down breakout.Positionally Support for GBPINR is 82.88-82.83-82.64-82.34-82.31-.Resistance for the GBPINR is 83.88-84.05-In medium term Pound is relatively strengthening against Euro- Dollar- In long term Pound is relatively strengthening against Euro- Short term and Intraday Level of Pound with RupeeGBPINR and closed below 1 week low with volume signals down breakoutCurrently GBPINR is in HOLD SHORT position GBPINR is moving sideways so short term investor better to buy only above 84.3 or hold with stop at 83.2725 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 83.737 with a stop at 83.163 Below 83.084 go for sell

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