Course Name:
Mastering Technical Analysis: A Comprehensive Guide to the Indian Stock Market
Duration:
4 Weeks (20 Hours Total)
- 5 Days a Week (1 Hour/Day)
- Optional Weekend Workshops
Learning Objectives:
By the end of the course, learners will:
- Understand the fundamental principles of technical analysis.
- Use various tools and indicators to analyze stock charts.
- Make informed trading decisions based on technical analysis.
- Gain hands-on experience using real-world data from Indian stock markets (NSE/BSE).
Module Breakdown:
Week 1: Introduction to Technical Analysis
Session 1: Basics of Stock Markets
- Overview of the Indian Stock Market (NSE, BSE, SEBI Regulations)
- Difference between Fundamental and Technical Analysis
- The Role of Technical Analysis in Trading
Session 2: Charts and Price Movements
- Understanding Stock Charts: Line, Bar, Candlestick Charts
- How to Read OHLC (Open, High, Low, Close) Data
- Concepts of Support and Resistance Levels
Session 3: Trend Analysis
- Types of Trends: Uptrend, Downtrend, Sideways
- Identifying Trends Using Moving Averages (SMA, EMA)
- Practical: Applying Moving Averages on Indian Stocks
Session 4: Timeframes and Chart Patterns
- Choosing the Right Timeframe for Analysis
- Introduction to Common Chart Patterns:
- Head and Shoulders
- Double Top/Bottom
- Flags and Pennants
Session 5: Candlestick Patterns
- Single Candle Patterns (Doji, Hammer, Shooting Star)
- Double and Triple Candle Patterns (Engulfing, Morning Star)
- Practical: Identifying Patterns on NSE Stocks
Week 2: Technical Indicators
Session 1: Momentum Indicators
- Relative Strength Index (RSI)
- Moving Average Convergence Divergence (MACD)
Session 2: Volume Analysis
- Importance of Volume in Technical Analysis
- Using Volume Oscillators and VWAP
Session 3: Volatility Indicators
- Bollinger Bands
- Average True Range (ATR)
Session 4: Fibonacci Tools
- Fibonacci Retracements and Extensions
- Practical: Applying Fibonacci on Indian Indexes
Session 5: Combining Indicators for Better Accuracy
Week 3: Advanced Concepts
Session 1: Elliott Wave Theory Basics
- Five-Wave and Three-Wave Structures
Session 2: Gap Analysis
- Types of Gaps: Breakaway, Runaway, Exhaustion
Session 3: Divergence Analysis
- Identifying Bullish and Bearish Divergences
Session 4: Trading Psychology
- Understanding Market Sentiment
- The Role of Discipline and Emotional Control
Session 5: Risk Management and Position Sizing
- Setting Stop Loss and Take Profit Levels
- Risk-to-Reward Ratios
Week 4: Practical Application and Case Studies
Session 1: Using Trading Platforms
- Hands-On with Indian Trading Platforms (Zerodha, Upstox, etc.)
- Drawing Charts and Placing Technical Indicators
Session 2: Backtesting Strategies
- How to Backtest on Historical Data
Session 3: Live Market Analysis
- Real-Time Analysis of Indian Stocks
Session 4: Building a Trading Plan
- How to Develop a Personal Trading Strategy
Session 5: Course Wrap-Up and Q&A
- Final Quiz and Certification
Resources Provided:
- Course Workbook (PDF)
- Access to Demo Trading Accounts
- List of Recommended Books (e.g., “Technical Analysis of the Financial Markets” by John Murphy)
- Links to Free Tools (TradingView, NSE/BSE Websites)
Assessment:
- Weekly Assignments (Chart Analysis, Indicator Use)
- Final Quiz (Online or Offline)
- Practical Project: Submit a Trading Plan for a Selected Indian Stock
