Mtechtips MCX-SX GBPINR INTRADAY trading analysis 21-09-2017 MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 85.29-84.48-83.64-83.59-83.27-83.23-83.11-. Immediate resistance for GBPINR is 87.84 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 Rupee Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 86.813 Very Short term investor have to be cautious as Buying support is slowing The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 87.625 with a stop at 86.806 Below 86.806 go for sell with a stop at 87.465 WWW.MTECHTIPS.COM 07489294118-119
Published on Sep 21 2017 11:23AM, by MTECHTIPS in Currency| Share This