Mtechtips MCX-SX GBPINR INTRADAY trading analysis 14-09-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 14-09-2018

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 .. 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 92.67-91.81-90.62-90.58-90.41-90.26-89.55-. Immediate resistance for GBPINR is 95.38 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 GBPINR is in up trend but last day trend was weak and selling was with volume so either sell of or keep stop at93.922 and selling was with volume so better sell and enter at lower level so adhere to stop at 93.922 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- Sell if open below 93.572 with stop loss at 94.529 Buy is advised only above 94.819

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