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Technical Analysis
The module extensively builds a "Grand Checklist" for trade evaluation, integrating all learned
Recognizable candlestick pattern: The primary signal for a trade.
Support & Resistance (S&R) confirmation: The stop-loss should coincide with S&R (low of pattern near support for long, high near resistance for short).
Volume confirmation: High (above average) volumes confirm smart money participation.
Dow Theory perspective: Assess primary, secondary trends, and patterns like double/triple tops/bottoms, ranges, and flags.
Indicator confirmation: Indicators like MACD and RSI can increase conviction and potentially trade size.
Reward to Risk Ratio (RRR): Ensure a satisfactory RRR (e.g., at least 1.5) to justify the trade.
The concluding chapter,
The Finale – Helping you get started, provides practical advice on choosing charting software (recommending Zerodha’s Pi), selecting appropriate timeframes and look-back periods based on trading style (e.g., swing trading vs. scalping), and building an "opportunity universe" of liquid stocks to scan daily. It outlines a two-part scouting process (shortlisting based on recent candles, then detailed evaluation using the checklist) and emphasizes discipline and sticking to the trade plan once initiated. The module stresses that mastering these concepts and disciplined application are key to successful technical trading.
Recognizable candlestick pattern: The primary signal for a trade.
Support & Resistance (S&R) confirmation: The stop-loss should coincide with S&R (low of pattern near support for long, high near resistance for short).
Volume confirmation: High (above average) volumes confirm smart money participation.
Dow Theory perspective: Assess primary, secondary trends, and patterns like double/triple tops/bottoms, ranges, and flags.
Indicator confirmation: Indicators like MACD and RSI can increase conviction and potentially trade size.
Reward to Risk Ratio (RRR): Ensure a satisfactory RRR (e.g., at least 1.5) to justify the trade.
The concluding chapter,
The Finale – Helping you get started, provides practical advice on choosing charting software (recommending Zerodha’s Pi), selecting appropriate timeframes and look-back periods based on trading style (e.g., swing trading vs. scalping), and building an "opportunity universe" of liquid stocks to scan daily. It outlines a two-part scouting process (shortlisting based on recent candles, then detailed evaluation using the checklist) and emphasizes discipline and sticking to the trade plan once initiated. The module stresses that mastering these concepts and disciplined application are key to successful technical trading.
177 pages, ebook
About the author
Zerodha Varsity
15 books20 followersVarsity is an extensive and in-depth collection of stock market and financial lessons created by Karthik Rangappa at Zerodha. It is openly accessible to everyone and is one of the largest financial education resources on the web.
Ratings & Reviews
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Displaying 1 - 3 of 3 reviews
September 12, 2021
Good Book to read for having knowledge of Chart Patterns for Technical Analysis of Stocks
March 11, 2023
Not a bad book, although felt like an information dump, since I was unfamiliar with technical analysis this didn't make it any easier, so okayish book, I would say if you're already familiar then it's easy to follow, now I gotta watch youtube videos to learn it !
October 2, 2020
Never thought technical analysis of stock markets would be so easier to understand.
Displaying 1 - 3 of 3 reviews