Understanding the evident complexities of the stock markets, it becomes absolutely imperative to be well-informed with the various tools and methods one can apply for effective trades in such dynamic markets. Though as tricky as it can get, the Indian Stock market presents innumerable opportunities to increase a traders stock market worth multi-folds. Technical Analysis shows itself up as an integral tool – a methodology – with the informed and careful application of which can help one identify and locate such opportunities.
Frequently Asked Questions
Introduction to Technical analysis
TA – science or art form, what works or doesn’t and why, look back bias, optical illusions v/s ground realities, when does it work best and when it doesn’t.
Mind over Matter Concepts
Behavioral aspects of TA, know yourself – are you cut out for TA? Knowing your personality type and assessing what suits you, do all aspects of TA suit everyone?
Types of price charts, their salient features, each chart has a “personality”– which one suits yours? The time-price continuum.Should you use math or log scale charts? Which works better in the Indian context? Difference between studies and oscillators.Which one is mission critical – price graphs, studies or oscillators? How much is too much of studies and oscillators? Relevance of divergences.
Basic Chart Formation
Bull or bear market characteristics, supports and resistances, lower highs & lows or higher lows and highs? What are linear markets? Where is money made relatively easier? What happens at turning points and how to prepare for them? Triangles, wedges, flags, pennants, cup & saucer, head and shoulder, W & M, triple tops and bottoms, diamonds
Basic Trend Determintation
Trendlines, channels, moving averages, types of moving averages, which one works best for whom? Primary & seconday trends, envelopes, rounding bottoms, rounding tops, V shaped reversals, W shaped reversals, do rallies occur faster or drawdowns?
Long days, short days, Marubozu (open Marubozu, close Marubozu), Dojis (Jiji, Tohba, Tonbo), spinning tops, Karakasa, Kubitsuri, Tsutsumi, Harami, Harami cross, Kirikomi, Nagareboshi, Kabuse, Santen Boshi, YoriKiri, 3 Rivers, 3 White soldiers, 3 Black crows, Saki Zumari
Point and Figure Charts
Basic construction logic, move plotting, reversal, trendlines in P&F charts, trendline angles, which asset class does P&F suit the best? The Weber-Zeig study on P&F profitability.
Concept of oscillators, why use them? Is overbought or oversold reading the only use of oscillators? Are oscillators lagging or leading indicators? Dangers of curve fitting the oscillators. Deploying themost robust oscillators – RoC (Momentum), RSI, MMACD, MFI, CMO
The importance of volumes on the time – price continuum, volumes studies in rising & falling markets. Studies based on volumes – OBV, Equivolume bars, Equivolume candles, VWAP analysis.
OI – show me the money, which is more dependable – volumes or open interest? What advanced indicators do open interest studies provide to a technician? OI relevance around expiry, MWPL studies, how OI affects the affordability of trading for a technical analyst? OI based oscillators in detail
Basics of Screen Reading
Market watch, snapquote, tick quote, exporting marketwatch in MS Excel to automate the trade decision process
Money Flow Analysis
Is money flowing into the markets or out of it? How to analyse the same for individual counters? How to take the “bigger picture” view on the markets. Collating data from multiple sources, asset classes and time frames
Tying up Loose Ends
Preparing for a trading session, what goes into the trade making support systems. A combination of technicals, statistics, screen reading and newsflow
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- Candidates are required to appear for only Level 2 Examination
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