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Technical Analysis

Module Overview

Markets move for a multitude of reasons other than the fundamental performances. Technical analysis is a discipline which provides a framework to understand the demand and supply of stocks, currencies, commodities or any tradable financial instrument. The underlying principles of technical analysis are derived from the assumptions that the prices fluctuate primarily on the basis of the demand-supply and human behavior. This is because the markets are ultimately influenced by the behavior and psychology of the participants and stakeholders in general. Hence, the study of historical price patterns to forecast future trends has proven to be useful. Although technical analysis is evolving, the core concepts have largely remained unchanged. In this module, we aim to provide a solid understanding of technical analysis in a step by step manner which covers a vast array of topics.

Chapters

1. Introduction to Technical Analysis

23 Lessons

Learn the basic assumptions of technical analysis and important terminologies which will help in forming a foundation for the next chapters.

2. Dow Theory

11 Lessons

The Dow Theory is the oldest and most respected theories ever written in technical analysis. Find out more about it in this chapter.

3. Types of Charts

16 Lessons

Learn about the various different types of charts which are used in technical analysis and their unique uses.

4. Trend Analysis

17 Lessons

Identifying a trend is the most basic requirement. This chapter is all about identification of trends with the help of popular tools and methods.

5. Price Patterns

22 Lessons

After identifying a trend, price patterns help in further confirming the trend. In this chapter we have elaborated on reversals and continuation patterns.

6. Gaps

7 Lessons

Blank gaps in charts mean a lot more than the untrained eye can see. Get an in depth understanding of gaps and their implications.

7. Technical Indicators

19 Lessons

Indicators are pre-defined calculations which help in forecasting the future. The careful use of indicators can add a confirmation to your analysis and help in making informed trading decisions.

8. Japanese Candlestick Patterns

15 Lessons

They are the most commonly used charts around the world for all kinds of trading instruments. Learn the basics of candlestick patterns in this chapter.

9. Bar Patterns

6 Lessons

Bar patterns are similar to candlestick patterns but they are less popular around the world.

10. Advanced Technical Analysis

13 Lessons

There are various famous theories in technical analysis which are widely used around the world. Learn about Elliot Waves, Harmonic Patterns, Inter-market analysis etc.

11. Renko Charts

4 Lessons

The word Renko is derived from the Japanese word "Renga, meaning "Bricks". While they are similar to P&F charts, it is a more visually simplified version.

12. Line Break Charts

10 Lessons

Similar to Renko Charts, Line Break charts only emphasizes price and ignores changes in time. Learn more about this in the chapter.

13. Kagi Charts

4 Lessons

Similar to Renko & Line Break charts, Kagi emphasizes the prevailing trend and ignored the noise unless the move is meaningful. Learn more about it in this chapter.

14. Heikin Ashi Charts

4 Lessons

Heikin Ashi charts have been gaining popularity over the last few years in the western world. In fact, a lot of traders complement it along with candlestick chart to get a more robust picture about the instrument being tracked.

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