Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-07-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-07-2018

MTECHTIPS:- Pound is weakening against Indian Rupee .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 BUY signal For short term Pound is in SELL position.Positionally Support for GBPINR is 89.88-88.82-.Resistance for the GBPINR is 90.94-91-91.52-91.53- In medium term Pound is relatively strengthening against Euro- Dollar- In long term Pound is relatively strengthening against Euro- Dollar- Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD SHORT position GBPINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 90.821 with stop at 88.7675 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 90.821 with a stop at 90.189 Below 90.099 go for sell and put stop at 90.731

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