Technical Analysis Course

Pramod Trading Group
❖ About : I have more than 2.5 years + experience in trading. I am Authorised

zerodha partner. Mostly I trade in equity.
❖ Contact us
What's app = 8766736158
Mail = [email protected]
Instagram = https://www.instagram.com/stock_flipper/
Telegram = https://t.me/free_intraday_trading
Market history
What is stock market ?

What is nse and bse ?
What is nifty and sensex ?
THE NEED TO INVEST
To grow savings.

To let the money work for you.
To save money in long term for retirement.
Also to be financially free.
TYPES OF ANALYSIS
Fundamental Analysis
Technical Analysis
FUNDAMENTAL ANALYSIS
BALANCESHEET
P&L ACCOUNT
PRODUCT
SECTOR
ORDER BOOK
MANAGEMENT
SHARE HOLDING PATTERS
WHY TECHNICAL ANALYSIS ?
To maximize Profit
To minimize Loss

DAILY SENSITIVE PRICE DATA
Open - This is the first trading price of the day

High – this is the highest trading price of the day
Low – this is lowest trading price of the day
Close- this is the last trading price of the day
Volume- this is the number of total shares traded
end of the day
Price styles
1. Line chart - A line chart simply connects the closing prices from one
period to the next period.
Date Close
15/07 11545
16/07 11578
17/07 11658
Price styles
 2. bar A bar chart displays a shares all sensitive figures.

Nifty
O =11551
H =11594
L =11469
C =11493
Price styles
 3. Japanese candlesticks = It shows all sensitive figures & specially open-

close relation
 Green candle
O =100
H =70
L =60
C =90
DOW THEORY
 THE MARKET COMPRISED OF TWO TRENDS

❖ At any given time in the stock market two forces are in effect the primary
trend & secondary trend
❖ The market trend can either be a bullish (rising) market or a bearish (falling)
market.
❖ The primary trend usually lasts more than one year and may last for several
years.
❖ If the market is making successive higher tops & higher bottoms the primary
trend Is UP.
❖ If the market is making successive lower tops & lower bottoms the primary
trend is DOWN.
❖ Secondary trends are intermediate, corrective reaction to the
Primary trend
❖ These reactions typically lasts from one to three months.
❖ It retraces one third to two thirds of the previous Primary trend.
THE VOLUME CONFIRMS THE TREND
❖ THE DOW THEORY FOCUSES PRIMARILY ON PRICE ACTION.

❖ VOLUME is used only to confirm uncertain situations. If the primary trend is
up, volume should increase during market advances.
❖ If the primary trend is down volume should increase during market declines.
❖ In the secondary trend of primary trend up, volume is flat or lower than
average volume.
❖ In the secondary trend of primary trend down , volume is flat or lower than
average volume.
Intraday Negative breakout
Down Trend
Down Trend
Trendline Intraday
Positive Breakout
Bullish Engulfing
 Definition ;- Bullish Engulfing Pattern is a pattern characterized by a large

white real body engulfing a preceding small black real body, which
appears during a downtrend.
 The Bullish Engulfing Pattern is an important bottom reversal signal.
❖ Recognition Criteria :-
1. Market characterized by downtrend.
2. Then we see a small black body
3. Nest day we see a white body that completely engulfs the black real
body of the preceding day.
Bullish Piercing
 Definition :- A bullish two day reversal pattern. The first day , in am

downtrend, is a long black day. The next day opens at a new low, then
closes above the midpoint of the first day.
 Recognition criteria
1. Market is characterized by downtrend.
2. We see a long black candlestick.
3. Then we see a long white candlestick whose opening price is below
previous days low on the second day.
4. The second days close is contained within the first day body and it is
also above the midpoint of the first days body.
Morning Star
 Definition :- A three day bullish reversal pattern consisting of three

candlesticks a long bodied black candle extending the current downtrend,
a short middle candle that gapped white candle that gapped up on the
open and closed above the midpoint of the body of the first day.
 Recognition Criteria :
1. Market is characterized by downtrend.
2. We see a long black candle stick in the first day.
3. Then we see a small body on the second day gapping in the direction of
the previous downtrend.
4. Finally we see a white candlestick on the third day.
Bullish Harami
 Definition :- Bullish Harami Pattern is characterized by a small white real

body contained within a prior relatively long black real body. “Harami” is
an old Japanese word for “pregnant ”.The long black candlestick is “the
baby”.
1. The market is in a bearish mood characterized by downtrend
2. Then we see a long black candlestick
3. We see a white candlestick on the following day where the small white
real body is completely engulfed by the trend
Hammer
 Definition :- The bullish Hammer Pattern is a significant candlestick that

occurs at the bottom of a downtrend.
1. The market is characterized by a prevailing downtrend.
2. Then we see a small a small real body at the upper end of the trading
range. Colour of this body is not important.
3. We would like to see the lower shadow at least twice as long as the real
body.
4. There is no (or almost no ) upper shadow.
 Bullish Engulfing Morning Star
 Bullish Harami Hammer at top
 Doji Evening Star
Strategies
1. Reversal Strategy
2. Pramod HS 30 (Heikin Ashi Stochastic RSI ,30%)
3. MACD ,vwap , RSI , Super trend
Reversal Strategy
 How to use?
1. Use candle sticks
2. Set chart to 30 min per candle
3. Add Bollinger Bands with default setting
4. Add RSI with setting overbought 70 and oversold 30
❖ Entry and Exit
1. Buy = When the bullish hammer formed outside of the Bollinger bands in
lower side and candle must be touch to the oversold line of
the RSI. Exit at 1% point of the stock price.
2. Sell = When bearish hammer formed outside of the Bollinger bands in
upper side of the Bollinger side and RSI should be at overbought.
❖ Rules
1. Market should be trending.
2. Take position only in same direction as market direction.
3. Only use this strategy once in a day on same stock.
4. No signal No trade
Pramod HS 30 (Heikin Ashi, Stochastic RSI)
 How to use?
1. Select Heikin Ashi chart pattern
2. Use Stochastic RSI indicator with default setting
3. Set chart for 30 mins.
4. Add Bollinger bands with default setting
❖ Entry and Exit
1. Buy = If the S.RSI line is below the lower limit and there should be 4 to 5
red candles and most of their shadow should be near or
outsides of the lower side of Bollinger bands.
2. Sell = If the S. RSI line is above the upper limit and the green 4 to 5
green candles are formed near upper limit of the Bollinger bands
❖ Rules
MACD ,vwap , RSI , Super trend
 How to use?
1. open following indicators
i. MACD = (3)
ii. Vwap
iii. RSI
iv. Super
v. Trends
2. Use 5 mins to 15 mins chart depending on stock .
 Entry and Exit
1. Buy = When the big Green candle pierce though the vwap line also if it is
near oversold line RSI and the blue line crossing over red line . Then we get
3 fix signals to enter stock.
2. Sell = When the big Red candle pierce through the vwap line also if its near
overbought line RSI and blue line in MACD crossing Red line.
❖ Rules
4. If you get at least 2 signals then also you can enter.
Thank You

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Pramod Trading Group

❖ About : I have more than 2.5 years + experience in trading. I am Authorised

What is stock market ?

To grow savings.

To maximize Profit

To minimize Loss

Open - This is the first trading price of the day

 2. bar A bar chart displays a shares all sensitive figures.

 3. Japanese candlesticks = It shows all sensitive figures & specially open-

 THE MARKET COMPRISED OF TWO TRENDS

❖ THE DOW THEORY FOCUSES PRIMARILY ON PRICE ACTION.

 Definition ;- Bullish Engulfing Pattern is a pattern characterized by a large

 Definition :- A bullish two day reversal pattern. The first day , in am

 Definition :- A three day bullish reversal pattern consisting of three

 Definition :- Bullish Harami Pattern is characterized by a small white real

 Definition :- The bullish Hammer Pattern is a significant candlestick that

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