Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-10-2017
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 84.56-84.17-83.79-83.21-.Resistance for the GBPINR is 86.84-86.98-87.42- 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 GBPINR is in up trend but last day trend was weak so adhere to stop at 85.998 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 85.409 with stop loss at 86.212 Buy is advised only above 86.433.
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Published on
Oct 13 2017 10:32AM, by
MTECHTIPS in
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