Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-04-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-04-2018

MTECHTIPS:- Pound is in strong uptrend and the trend is supported with good volume 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 92.53-92.2-91.68-90.81-89.66-88.72-86.58-. Immediate resistance for GBPINR is 94.79 In long term Pound is relatively strengthening against Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position GBPINR is in profit booking mode so hold with stop at 93.405 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is on SELL signal and GBPINR is coming down from overbought level Intraday Trend- Buy is advised only above 94.338 with a stop at 93.153 Below 92.884 go for sell and put stop at 94.068

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