TradingView
mayurrp77
Jul 25, 2020 2:27 PM

new trader Short

ITC LTDNSE

Description

Actually i'm new trader trying to analyse chart..............
Comments
bdrdharmesh5
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???
bdrdharmesh5
6th july created gap?????

its fill tomorrow or not????
shaleenbansal
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.
ssajan96
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 ??
napsterisback
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
Swapilchoksi
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...
rudharrajugowtham
good analysis welcome to trading
More