Mtechtips MCX-SX GBPINR INTRADAY trading analysis 22-03-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 22-03-2018

MTECHTIPS:- 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 90.45-90.28-90.13-89.29-88.19-87.51-85.71-. Immediate resistance for GBPINR is 92.17 In medium term Pound is relatively strengthening against Euro- Dollar- Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position GBPINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 92.114 with stop at 90.5 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 92.114 with a stop at 91.437 Below 91.327 go for sell and put stop at 92.004

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