This Stock is in an UpTrend for past days . 50 EMA is still remains above 200 EMA by crosses up. Price level 890 have a comparatively high number of #openinterest #calloption , so this price range will act as a #Resistance , but I repeat that this resistance will be very weak. And 860 price level have comparatively high number of #openinterest in #putoption , so...
For ITC 200 is a long term resistance , we can see that #bulls are continuously trying to break that resistance in last few days , this attempt of bulls forms a #trendcontinuation pattern Rounding Bottom in the charts of ITC . We can club this #Roundingbottom chart pattern with the #openinterest #OI concept , then we can found that 200 is one of the price range in...
