Mtechtips MCX-SX GBPINR INTRADAY trading analysis 14-08-2017


Mtechtips MCX-SX GBPINR INTRADAY trading analysis 14-08-2017

MTECHTIPS:- The Pound is strengthening against Indian Rupee in long- medium- term .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 HOLD SHORT position.Positionally Support for GBPINR is 83.08-83.02-82.61-.Resistance for the GBPINR is 84.21-84.27-84.35- In medium term Pound is relatively strengthening against Euro- In long term Pound is relatively strengthening against Euro-Short term and Intraday Level of Pound with RupeeGBPINR is moving sideways so short term investor better to buy only above 83.67 or hold with stop at 83.065 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 83.767 with a stop at 83.173 Below 83.084 go for sell

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