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Learn & Earn through Candlestick Charts: - A Practical Approach to Indian Stock Markets
Technical Analysis is a vast subject, and this industry is expanding at an exponential rate. Google search of the word “Technical Analysis” provides over 1.72 Billion search results (as of Dec 2022)!
There is enough information on the internet. So much sufficient enough for a beginner to get easily lost in information ocean. We have tried to keep the discussion short, practical and to the point, and discussed topics which are practically useful!
In addition, practical tips have been provided wherever required.
The book is divided in two parts. The first part provides good understanding of Indian Stock Market. It includes information on major stock exchanges in India & its history, details on trade timing, various kinds of market participants, animals in stock market etc. Core concepts like Trading vs. Investing, Fundamental vs. Technical Analysis are discussed in this section.
The second part focuses on core Technical Analysis. It encompasses Candles, Charts, various Chart Patterns, and Supports & Resistances etc. Chart Patterns are discussed systematically along-with their significance, market conditions, interpretation, and psychology behind the pattern and with real-life examples of Stocks listed on NSE. Risk Management and Position Sizing are discussed with practical examples. We all know the importance of Risk-Reward-Ratio (RRR), which if practiced with discipline, enables a trader with even 50% win-rate to make decent money in stock market.
In addition, the book also discusses the step-by-step method to (a) create first candlestick chart (b) draw horizontal support & resistances lines, and (c) trade in real life with proper position sizing & risk management.
Reading this book would be the first step towards becoming a successful trader or investor!
There is enough information on the internet. So much sufficient enough for a beginner to get easily lost in information ocean. We have tried to keep the discussion short, practical and to the point, and discussed topics which are practically useful!
In addition, practical tips have been provided wherever required.
The book is divided in two parts. The first part provides good understanding of Indian Stock Market. It includes information on major stock exchanges in India & its history, details on trade timing, various kinds of market participants, animals in stock market etc. Core concepts like Trading vs. Investing, Fundamental vs. Technical Analysis are discussed in this section.
The second part focuses on core Technical Analysis. It encompasses Candles, Charts, various Chart Patterns, and Supports & Resistances etc. Chart Patterns are discussed systematically along-with their significance, market conditions, interpretation, and psychology behind the pattern and with real-life examples of Stocks listed on NSE. Risk Management and Position Sizing are discussed with practical examples. We all know the importance of Risk-Reward-Ratio (RRR), which if practiced with discipline, enables a trader with even 50% win-rate to make decent money in stock market.
In addition, the book also discusses the step-by-step method to (a) create first candlestick chart (b) draw horizontal support & resistances lines, and (c) trade in real life with proper position sizing & risk management.
Reading this book would be the first step towards becoming a successful trader or investor!
102 pages, Kindle Edition
Published April 13, 2021
5 people are currently reading
3 people want to read
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Displaying 1 - 2 of 2 reviews
May 2, 2021
Crisp, clear and concise. Highly Recommended.
This book is a must-have for anyone who is into serious trading. All important concepts of candlesticks and support/resistance are beautifully explained, particularly from the perspective of Indian Markets.
The best part is that the writer minces no words in getting straight to the point, explaining the concepts and the underlying logic behind them. Though I have been trading in markets for quite some time, there were a lot of concepts which were new to me. All in all, I now have the confidence to go better informed into the markets and trade more rationally.
This book is a must-have for anyone who is into serious trading. All important concepts of candlesticks and support/resistance are beautifully explained, particularly from the perspective of Indian Markets.
The best part is that the writer minces no words in getting straight to the point, explaining the concepts and the underlying logic behind them. Though I have been trading in markets for quite some time, there were a lot of concepts which were new to me. All in all, I now have the confidence to go better informed into the markets and trade more rationally.
August 12, 2021
Concepts explained very well. Wonderful must read for all the traders. Practical concepts of trading with small amount & with stop loss and profit targets is explained nicely !
Displaying 1 - 2 of 2 reviews