Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-09-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-09-2018

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 Pound is in HOLD LONG position.Positionally Support for GBPINR is 91.6-90.83-90.59-90.18-90.15-90.09-89.43-. Immediate resistance for GBPINR is 93.87 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 In short term GBPINR is in strong up trend so hold with stop at 92.704 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 93.827 with a stop at 93.143 Below 93.044 go for sell with a stop at 93.727

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