Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-11-2016
MTECHTIPS The Pound is weakening against Indian Rupee .Currently Pound is moving sideways The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the GBPINR if it close above85.6 or buy with strict stop at 81.76. 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 84.14-83.94-83.54-82.74-.Resistance for the GBPINR is 86.09-86.93-92.07-
In medium term Pound is relatively strengthening against 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 LONG position GBPINR is moving sideways so short term investor better to buy only above 85.2325 or hold with stop at 83.925 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 85.21 with a stop at 84.65 Below 84.571 go for sell.