Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-04-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-04-2018

MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in downtrend 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 BUY signal For short term Pound is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for GBPINR is 91.79-91.7-91.14-90.53-89.24-88.41-86.35-. Immediate resistance for GBPINR is 93.68 In long term Pound is relatively strengthening against Yen- Short term and Intraday Level of Pound with Rupee GBPINR closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 92.683 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 above 93.567 with a stop at 92.794 Below 92.664 go for sell with a stop at 93.437

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