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ITC trade ideas

Introduction to market structureHey everyone!👋 In this article, we'll dive into market structure, providing insightful examples to enhance your understanding of this concept. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading! Market structure is a basic form of understanding how markets move. It can be seen as the flow of the price between a series of swing highs and swing lows. The market moves in trends. These trends are nothing but a combination of different structures. The market structure allows you to be in sync with the market and avoid counter-trend trading, which enhances the probability of your setups. There are broadly 3 types of structures: 1. Bullish (Uptrend) 2. Bearish (Downtrend) 3. Ranging (Sideways) Illustration: Bullish market structure Illustration: Bearish market structure Illustration: Range market structure 📈 What is an uptrend? ✅ Characterised by a bullish market structure. ✅ Formation of higher highs followed by higher lows. ✅ For an uptrend to stay intact, it must preserve its ascending structure - higher highs must follow higher lows. ✅ Lower highs are allowed if the price goes into compression or re-accumulation. 📉 What is a downtrend? ✅ Characterised by a bearish market structure. ✅ Formation of lower highs followed by lower lows. ✅ For a downtrend to stay intact, it must preserve its descending structure - lower highs must follow lower lows. ✅ Lower highs are allowed if the price goes into compression or re-distribution. ⚡ What is a range? ✅ A range is a zone where the price finds itself bouncing between two levels. ✅ These levels are - range high and range low. ✅ The size of the range is dependent on different factors such as asset class, demand-supply, volatility, etc. A lot of times, the structure won’t be as clear as you want it to be. Conversely, sometimes the structure will replicate the textbook. Hence, you need to be flexible in your approach. Sometimes, trading in range-bound markets can be challenging due to the choppiness in price movements. However, when the price action is more defined, some traders may prefer to trade the range by executing breakout trades or mean reversion trades from the range high to the range low or vice versa. It is better to combine market structure with other concepts/indicators for better results. Thanks for reading! As we mentioned before, this isn't trading advice, but rather information about a tool that many traders use. Hope this was helpful! See you all next week. 🙂 – Team TradingView Feel free to check us out on Instagram , and YouTube for more awesome content! 💘
NSE:ITCEducation
by TradingView
6
Gann Box theorythis is the Gann Box Strategy. crossing the 50% level and then 61% level is very important for any stock see in this video how after crossing the 50% and 61% level it gave a sharp rally and then again it kissed the 75% level... but if you go back to the chart previously when it rejected from a high of 300 it was actually 61% level which was not crossed and as such have not gave the rally but this time if it breaks the level of 361 which is 19 square it a new box journey will start and you can wait for the next level of 21 square i.e., 441. Thank You
NSE:ITC
by bibaswan87
Contra Bet on ITC. Will it work?NSE:ITC I have a detailed analysis on this stock and also know that many investors are frustrated holding this script. It is also clear that demerger is not happening anytime soon so we do not have a comfort for value unlocking from this parameter. But in a contra bet, script has a strong Fundamentals. According to the chart patterns, stock is trading at the lower range of bollinger band. This provides an opportunity to Buy at lower edge (Not trying to fish the bottom). Medium term trend suggests a direct hit of Rs.275 in 3 months. Fundamentals suggest risk reward ratios are favourable at current levels. The idea shared is only for educational purpose.
NSE:ITCLong
by jay-chopra
3