Intermediate module
Technical analysis I: charts & price action
Technical analysis is the study of how price and volume actually behave — a record of crowd psychology, not a crystal ball. Used honestly it can tilt the odds in your favour; used as prophecy it will quietly empty your account.
1Reading a chart
Before any pattern or indicator, you need to know what a chart is, what each kind shows, and how much of what you see is just noise.
- 1
What technical analysis is (and what it isn't)
Price is the sum of every opinion in the market, written down. Technical analysis studies that record — not to predict the future, but to weigh probabilities.
14 min read
- 2
Line, bar and candlestick charts — and choosing a timeframe
OHLC and the three ways to draw it, what each chart type reveals and hides, and why zooming into a one-minute chart usually shows you nothing but noise.
15 min read
- 3
Support, resistance and why levels matter
Levels are zones where supply and demand have clashed before. Why they reverse roles, why round numbers matter, and why a level is a smudged band, never a precise line.
14 min read
2Candles & patterns
The vocabulary of price action — single candles, multi-session patterns, and trends — read as supply-and-demand stories, with honest humility about how often they fail.
- 4
Candlestick basics: what each candle is telling you
Body versus wick, the doji, the hammer and shooting star, the engulfing pair — each candle as a record of who won the session, with the warning that single candles are weak on their own.
14 min read
- 5
Chart patterns: continuation and reversal
Flags, triangles, head-and-shoulders and double tops/bottoms — read as supply-and-demand stories rather than magic shapes, with blunt humility about how often patterns fail.
15 min read
- 6
Trends, trendlines and channels
Defining a trend through higher highs and lower lows, drawing trendlines honestly without fooling yourself, channels, and why 'the trend is your friend until it bends'.
14 min read
3Volume & structure
Price is half the story. Volume reveals the conviction behind a move, and market structure reads the trend more honestly than any indicator.
- 7
Volume: the conviction behind the move
Volume confirms (or quietly contradicts) a price move — breakouts, divergence, climax and exhaustion — plus delivery volume in the Indian cash market.
14 min read
- 8
Market structure: reading higher highs and lower lows
Structure over indicators — swing points, break of structure, and telling a genuine range from a trend, read straight off price with no lagging tools.
14 min read