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Basic Technical Analysis for Trading & Investment

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About Course

1. Introduction to Technical Analysis: Technical analysis is a method used to evaluate and predict the future price movements of financial assets based on historical price data and volume. Unlike fundamental analysis, which focuses on a company’s financial health, technical analysis relies on chart patterns and technical indicators to make trading decisions.

2. Key Principles of Technical Analysis: Market Action Discounts Everything: All known information (news, earnings, etc.) is already reflected in the price of the asset.
Price Moves in Trends: Prices tend to move in a specific direction (up, down, or sideways) over time.
History Tends to Repeat Itself: Patterns observed in the past tend to repeat, as market psychology remains consistent.

3. Types of Charts: Line Charts: Simple charts that connect closing prices over a period.
Bar Charts: Display opening, high, low, and closing prices for each period.
Candlestick Charts: Similar to bar charts but with a visual format that highlights price movements.

4. Basic Chart Patterns

  • Trend Lines: Lines drawn to connect a series of prices, indicating the direction of the trend (upward, downward, or horizontal).
  • Support and Resistance Levels: Horizontal lines indicating where prices tend to stop and reverse. Support is the lower boundary, while resistance is the upper boundary.
  • Chart Patterns:
    Head and Shoulders: Indicates a trend reversal.
    Double Top/Bottom: Indicates a trend reversal.
    Triangles: Indicates continuation or reversal depending on the breakout direction.

5. Technical Indicators

  • Moving Averages: Average price over a specific period.
  • Relative Strength Index (RSI): Measures the speed and change of price movements to identify overbought or oversold conditions.
  • Bollinger Bands: Volatility bands placed above and below a moving average.

6. Volume Analysis : Volume indicates the number of shares or contracts traded in a security or market. High volume often confirms the strength of a price movement, while low volume can indicate a weak trend or potential reversal.

7. Practical Application

  • Identifying Trends: Use trend lines, moving averages, and volume to determine the direction and strength of a trend.
  • Entry and Exit Points: Use support and resistance levels, chart patterns, and technical indicators to time entry and exit points.
  • Risk Management: Set stop-loss orders to limit potential losses and protect profits.

Technical analysis is a valuable tool for traders and investors, helping them make informed decisions based on historical price and volume data. By understanding and applying the basic principles and tools of technical analysis, you can enhance your trading and investment strategies.

Batches– Batches will be divided into two 4 hours sessions each.
Timing – We will inform via email or WhatsApp.

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