Learn Technical Analysis with Free Lessons & Tips

Yes, there are several resources available that can serve as comprehensive guides for stock market trading in India. Here are a few suggestions:

1. Books: There are numerous books written specifically about stock market trading in India. Some popular titles include "How to Make Money Trading with Candlestick Charts" by Balkrishna M. Sadekar, "Beating the Street" by Peter Lynch, and "The Intelligent Investor" by Benjamin Graham. These books cover various aspects of trading, including technical analysis, fundamental analysis, and investment strategies.

2. Online Courses: Online platforms like Udemy, Coursera, and NSE Academy offer courses focused on stock market trading in India. These courses cover topics such as Indian market dynamics, technical analysis techniques, risk management, and trading strategies specific to the Indian stock market. Look for courses taught by experienced professionals and tailored for Indian market conditions.

3. Websites and Blogs: Several websites and blogs provide comprehensive information and resources for stock market trading in India. The National Stock Exchange of India (NSE) website offers educational materials, tutorials, and market data. Other websites like Moneycontrol, Investopedia India, and Economic Times provide news, analysis, and educational content specific to the Indian stock market.

4. Financial News Channels: Financial news channels in India, such as CNBC-TV18, ET Now, and Bloomberg Quint, provide real-time market updates, expert opinions, and analysis. These channels often host market experts and provide insights on market trends, investment strategies, and trading opportunities.

5. Trading Platforms: Stock market trading platforms, such as Zerodha, Upstox, and ICICI Direct, often provide educational resources, webinars, and tutorials for their users. These resources are designed to help traders understand the platform's features, trading tools, and market dynamics.

6. Online Forums and Communities: Participating in online forums and communities dedicated to stock market trading in India can provide valuable insights and the opportunity to learn from experienced traders. Websites like Traderji and TradingQ&A have active communities where traders discuss strategies, share knowledge, and ask questions.

Remember to always validate the information you find by cross-referencing multiple sources and seeking guidance from professionals if needed. The stock market can be complex, and it's important to continually update your knowledge and stay informed about market developments and regulatory changes specific to the Indian market.

We have three trends
UPTREND: An uptrend on a chart of any time frame is nothing but a series of higher highs and higher
lows.
DOWNTREND: A downtrend on a chart of any time frame is nothing but a series of lower highs and
lower lows.
SIDEWAYS TREND: A sideways trend is nothing but relatively equal highs and lows.
TRENDLINES
An UPTRENDLINE is nothing but a line that connects two or more LOWS, in a chart in an uptrend. The
more points that meet up to this line, the stronger this line is. This trendline acts as support, as prices
blast off, then pullback to this line before taking off again. Therefore, in an UPTRENDLINE, the 2nd point
is always higher than the 1st point, and the 3rd higher than the 2nd.
A DOWNTRENDLINE is nothing but a line that connects two or more highs in a downtrend. Once again,
the greater the number of points that connect, the stronger the line is. This downtrendline acts as
resistance. Each down move is followed by a pullback rally to this trendline which acts as resistance only
to be met with more selling and lower prices. In DOWNTRENDLINE, the 2nd point is always lower than
the 1st and the 3rd lower than the 2nd.
A break in the UPTRENDLINE signals a possible change in trend. So too with the break in the
DOWNTRENDLINE.

TYPES OF MARKET

First, you need to learn the difference between TRADING and INVESTING (sorry, I won't be explaining it here).

Then learn about Indian exchanges where you can invest/trade like NSE, BSE, MCX and various segments where you can trade on like currency, stocks, futures.

Learn about TECHNICAL and FUNDAMENTAL analysis.

Then decide who you want to be: a Trader or an Investor.

For Trading:

1. Observe chart of index ex: Nifty50, Banknifty, nifty IT, etc. for at least past eight years, then observe charts of stocks in these indices
2. Apply your Technical Analysis on the stocks and index as well. Make a journal and note down your observations (this is most important)
3. Start paper trading during live time data on stocks. After few weeks, start paper trading on futures, too (I'm assuming you would have learnt what lots are).
4. Study your journal every day, try different technical analyses, make a note of every small thing you do.
5. Once you get the hang of it, make rules and follow them during trading without fail. Try to block all your emotions while paper trading. Make a strategy that works in all kinds of market behaviour. Continue paper-trading for a year at least(this is what most pro traders recommend, yes a year or more on paper trading)
6. Once you're confident and feel you're ready to jump into the ocean, open a Demat/trading account and start learning the interface of software used and eventually start trading.
7. Initial capital: this is something you must decide based on your experience.

Now my personal experience was as stated above; I follow only technical analysis. At first, my and friend I first learnt everything there is about the stock market. Then we started paper trading; we got the hang of trading based on only technical analysis. Usually, we trade on BANKNIFTY index futures, Nifty options as these have high volatility. Since we don't have enough capital, we choose to leverage, i.e. futures market.

Initial days we were undisciplined; sometimes, we lost 18-20k ₹ a day, made 7-8k ₹ a day from 1lac ₹.

Once we started following specific rules, it became more accessible; we began making 4-6k₹ from Banknifty alone with 60-70k ₹ investments.

Trading and making money is not easy as it sounds; there are many things people don't tell you; you're responsible for your own decisions.

You can't make money every day; you win sometimes, you lose sometimes. Minimizing your losses is what matters. As long as you're disciplined, profits keep coming. Don't be hasty with decisions; use your experience from paper trading.

And as far as the initial investment is concerned, use only 1% of your capital because you'll probably lose the first few trades until you get the hang of it. So, if you're a calm, composed person, you're fit for trading. If you're impatient, the stock market is not the place to make money.

The study of financial market behaviour is known as technical analysis. The technician examines price changes that occur on a daily, weekly, or monthly basis, as well as any other period indicated in the chart.
Charts are a type of visual representation. As a result, the term chart analysis was coined.
A chartist just looks at price charts, but a technical analyst looks at technical indications generated from price charts.
in addition to the pricing charts, from price changes
Instead of looking at the fundamental factors that (appear to) influence market prices, technical analysts look at how the financial markets behave. Technicians think that even if all of a company's essential data is collected,
There are so many elements interacting at any one time that it's easy to overlook essential ones in favour of the "flavour of the day."
All critical market information is represented (or disregarded) in the technical analyst's opinion.
Except for startling news such as natural disasters or acts of God, the price is the price. These elements, whether in stocks, commodities, currencies, or bonds, charts are self-similar. They exhibit the same fractal structure (a fractal is a little pattern; self-similar implies the overall pattern is made up of smaller versions of the same pattern). A chart is similar to a mirror.
Not the primary causes, but the crowd's attitude. As a result, technical analysis is the way to go. It is a study of mass psychology in humans.

Picking which exchanging framework to utilize forex is quite possibly the most critical and significant choices you should make as a trader, however with such countless various frameworks out there, the inquiry emerges:

How would you realize which to pick and use in your exchange?

It is anything but a simple choice. Today, I need to share my very own couple of individual exchanging frameworks with you. These exchanging frameworks are an assortment of techniques and arrangements I believe merit utilizing and looking for in your exchange. All dependent on value activity, they don't need anything yet a value graph and your eyes and are not difficult to get and learn for novices and experienced merchants the same.

Sound fascinating?

Let's check the system-

• TRADING PIN BAR AT DEMAND & SUPPLY ZONE:-

Trading pin bars at full-size degrees of demand and supply is one of the oldest buying and selling structures around. However, it's one that nonetheless performs extraordinarily nicely today. It's easy to learn for beginners, affords an excellent quantity of worthwhile buying and selling signals, and remarkable of all.

It's effortless to trade:

You mark some demand and supply stages on a chart, wait till the price reaches one, then see if a bullish or bearish pin bar forms.

1. If price hits a demand zone and a bullish pin forms, you enter a long position.
2. If price hits a supply area and bearish pin forms, you enter a short position.

It's as easy as other businesses and as tricky as other businesses. It depends on your excellent planning, mental stability, research, sound judgement, and most importantly, risk management. The blunder most of us do in trading business that we think there is some secret to success. Finding out higher accuracy with technical pattern and indicators is one of the biggest mistakes. Technical analysis itself doesn't tell you what to buy or what to sell. Instead, it should be used for entry and exit purpose. We must have fundamental knowledge(basic including latest news) to select stocks. After selecting stock, we have to look at charts and pattern to find out entry and exit points.

Next step is to make risk-reward, and it must be 1:2 or higher. It means if there is 1 rupee of risk, then there must be a profit target of 2 rupees at least or higher. Before entering any trade, you must look at risk-reward. Most of us don't factor opposite of expected result because their focus is more on profit than possible loss. Here we have to be risk-oriented trade, not a profit-oriented trader. Don't expect there will be more than 70 per cent accuracy in real trading. It generally falls to 60-70 per cent because our emotion plays a more prominent role while trading. So there is a chance of losing in 4 trades at least out of 10 trades. This is why we have to follow stop loss in every trade. Once it hit, don't remain with the position. The reason is that save your capital first, then you can grab opportunities on the next day, but once you lose your capital, there will be no opportunity. We also have to write down a set of disciplines which we strictly have to follow. 

Now ask yourself: can you do these things mentioned above? If yes, then it's easy. If not, it isn't easy. It's you who make it easy or complicated based on our understanding and approach we have to get the result.

Lagging indicators

Lagging indicators are mostly derived using an average of previous price action data. So think of moving averages indicators as you feel about Lagging indicators, for example- Simple Moving average, Exponential Moving Average.

The average is calculated after the price (buy-sell has happened).

The term Lag means falling behind. So lagging indicator results fall behind the Live price action in the market. Putting it even simpler, you can witness the move first, and then the lagging indicator confirms it.

Hence Lagging indicators are Confirming, confidence giving, assurers. You can think of them as double-checker confirmers.

Lagging indicators help the wyse* trader -NOT jump the gun.
With lagging indicators alone, a strategy can be made; the however best strategy is to combine it with other strategies -which we will discuss in the next post.