Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-02-2017
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-02-2017
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 SELL signal For short term Pound is in SELL position.Positionally Support for GBPINR is 83.58-.Resistance for the GBPINR is 84.51-84.56-84.57-84.68-84.74-88.54-
In medium term Pound is relatively strengthening against Yen- In long term Pound is relatively strengthening against Dollar-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position GBPINR is in sideways so for short term better buy above 84.328 or hold with stop at 83.275 The next resistance will be at 84.1625 The oscillator is showing SELL signal
Intraday Trend- Buy above 84.328 and keep stop below 83.592 Target is 84.539 next 84.879 Below 83.383 trend reversal can occur and next level is 83.044
07489294118-119
