mayurrp77

new trader

Short
NSE:ITC   ITC LTD
Actually i'm new trader trying to analyse chart..............

Comments

24th july on friday open interest heavily decrease in july month &
same time august month open interest heavily increased

so its carry forward contract or what??

what's its effect in stock price movement???
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6th july created gap?????

its fill tomorrow or not????
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for the sake of education, Take into account the profits posted by ITC before declaring a short call.Secondly, I believe the lows of march 20 should not be used for drawing trend lines because that was unusual trading behavior and it does not support trend lines originating from the bottoms.
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Hi
I'm also a new to stock market. Correct me I'm wrong..

According to your chart, I can see a high selling pressure ..
But
while I'm seeing the chart with MACD .. I can see MACD cross the signal supported with histogram..
Can anyone interp this ??
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The dividend portion might distort your trend lines,
So when you see a breakout above 200.. it iis actually 210.35 (which was due to a dividend of 10.35₹)

So I feel ITC would go up, consider the huge delivery % too.

Keep an eye above 202.5 for a breakout towards 210/214/220
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Hi. U r a true man...there r lots of new trader on this platform. They will never admit the same and do analysis for the top author position...I dont know they will understand growing bank account us important then reputation.
Really appreciate u...all the very best...
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good analysis welcome to trading
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