Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-09-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-09-2018

MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer 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 The current position is BUY .Positionally Support for GBPINR is 90.7-90.57-90.09-90.05-90-89.81-89.32-. Immediate resistance for GBPINR is 93.07 In medium term Pound is relatively strengthening against Euro- Dollar- Yen- 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 LONG position GBPINR is in profit booking mode so better sell and enter at lower level 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 above 92.314 with a stop at 91.676 Below 91.586 go for sell

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