Mtechtips MCX-SX GBPINR INTRADAY trading analysis 25-04-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 25-04-2018

MTECHTIPS:- Pound is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is on SELL signal and GBPINR is coming down from overbought level For short term Pound is in HOLD SHORT position and GBPINR closed below 1 week low with volume signals down breakout.Positionally Support for GBPINR is 91.95-90.91-89.91-88.92-86.74-.Resistance for the GBPINR is 93.08-93.57- In long term Pound is relatively strengthening against Yen- Short term and Intraday Level of Pound with Rupee GBPINR and closed below 1 week low with volume signals down breakoutCurrently GBPINR is in HOLD SHORT position The GBPINR is in downtrend For short term buy only if close above 92.941 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 93.25 but caution- close Below low5 fresh selling can occur The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 92.885 with a stop at 92.305 Below 92.235 go for sell

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