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Workshop I - "POWER OF PATTERNS"

  • 1. Basic Tenets of Technical Analysis
    • What is Technical Analysis?
           a. Advantages / Limitations of Technical Analysis
           b. Why & where Technical Analysis works best
    • Types of charts – Line, Bar, Candlesticks charts
    • Understanding Candlesticks
    • Understanding different duration charts and their time frame validity - Daily / Weekly / Monthly / Intraday charts
  • 2. Dow Theory
    • Identifying Trend based on Wave structure
    • Theory of higher tops, higher bottoms / lower tops, lower bottoms - Uptrend / Downtrend / Sideways trend / Mixed Trend
    • Impulse and Corrective waves
    • Dynamic Impulse and its importance
  • 3. Support & Resistance
    • Price & Volumes breakouts and breakdowns
    • Understanding Support & Resistance
    • Identifying Price & Volume breakouts and breakdowns
    • Trendlines and their significance
    • Rules for drawing Trend Lines / Support & Resistance lines
    • Concept of Breakout / Breakdown, Pull back and the final thrust with case studies
  • 4. Identifying Price Patterns
    • Continuation - Triangles / Flags / Pennants
    • Head & Shoulders / Inverse Head & Shoulders Pattern
    • Double Tops & Bottoms - M & W pattern
    • Rounding Bottom / Saucers / Cup & Handle pattern
    • Setting Price and Time Targets
  • 5. Strategy to pick Winners for Medium / Long Term
    • Using the Relative Strength Indicator (RSI)
    • Identifying overbought and oversold zones
    • Identifying strength & weakness areas based on the RSI
    • The right entry & profit booking levels. Stop-Loss and trailing Stop-loss concept to protect profits / reduce losses.
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