Technical Analysis
Want to read a price chart the way a professional does? Start right here. A modern, visual, beginner-first course that takes you from “what is a candlestick?” to trends, patterns and indicators - built entirely on real NSE daily charts, with honest facts and stats, not textbook theory. No prior knowledge needed.
Why this course?
Most “technical analysis” material is dry theory, drawn on idealised diagrams that never look like a real chart. This one is different: written for absolute beginners, every concept is shown on real NSE daily data - genuine candles, genuine trends, genuine patterns that worked and plenty that didn't. It is honest about what charts can and can't do: technical analysis is about probability and risk, not certainty. The goal is to make you read a chart with clear eyes so you can make your own informed decisions.
Getting Started with Charts
What technical analysis really is, and how to read a price chart without getting lost.
What Technical Analysis Actually Is (and Isn't)
Technical analysis is the study of price and volume, not a crystal ball. Learn what charts can honestly tell you, how TA differs from fundamentals, and why it is about probabilities and risk, never certainty.
Reading a Chart Without Getting Lost
Line, bar and candlestick, the three ways to draw the same price, and why candlesticks win. Decode the axes, OHLC and what a real RELIANCE daily chart is telling you at a glance.
The Candlestick: One Bar, Five Numbers, a Story
Body, wicks and colour, a single candle packs open, high, low and close into one shape. See how to read conviction, rejection and indecision from the candles on a live NSE chart.
Timeframes, Scales & Why a Chart Can Mislead
The same stock looks bullish on one timeframe and bearish on another. Learn how daily, weekly and monthly views differ, why log scale beats linear over years, and how chart settings quietly change the story.
Market Structure & Levels
Trends, trendlines and the support/resistance levels where price turns, the skeleton of every chart.
Dow Theory: The Idea Behind Every Chart
Long before computers, Charles Dow laid out the rules every chartist still uses, trends, phases and confirmation. Meet the 120-year-old framework that quietly underpins all of modern technical analysis.
The Trend Is Your Friend, Until It Bends
An uptrend is just higher highs and higher lows, until it isn't. Learn to spot, draw and trust a trend, where trendlines break, and how to tell a real change of trend from noise on a real chart.
Support & Resistance: Where Price Remembers
Prices turn at levels the crowd remembers. Learn how support and resistance form, why they flip roles once broken, and how to mark the levels that actually matter on a real NSE daily chart.
Channels, Ranges & the Breakout
Markets spend most of their time going sideways. Learn to trade the channel and the range, tell a real breakout from a fakeout, and understand the throwback that traps impatient traders.
Fibonacci: The Pullback Map
After a big move, how far does price pull back before resuming? Fibonacci's 38.2%, 50% and 61.8% levels give a surprisingly useful map. See where they held, and failed, on real Indian charts.
Candlestick Patterns
The single- and multi-candle shapes that hint at a turn, and why context decides everything.
Single Candles That Whisper a Turn
The doji, hammer, shooting star and marubozu, one candle that can flag a shift in control. Learn what each really means and find genuine examples on real NSE daily charts.
Two- and Three-Candle Tells
Engulfing, harami, morning and evening stars, patterns where a few candles together flip the story. See how each forms and where they actually marked turns on real charts.
Why a Pattern Only Matters in Context
A hammer in the middle of nowhere means nothing; a hammer at strong support is a signal. Learn to combine candles with trend, levels and volume, and to ignore the many that lead nowhere.
Chart Patterns
The bigger shapes, reversals, continuations and gaps, that play out over weeks.
Tops & Bottoms: Reversal Patterns
Head-and-shoulders, double tops and double bottoms, the classic shapes that mark the end of a trend. Learn how to spot them forming and measure a realistic target from a real example.
Pauses, Not Reversals: Continuation Patterns
Flags, pennants, triangles and rectangles are the market catching its breath before continuing. Learn to tell a healthy pause from a genuine reversal, with real chart examples.
Gaps: When Price Jumps the Queue
Sometimes a stock opens far from yesterday's close, leaving a gap. Learn the four kinds, common, breakaway, runaway and exhaustion, and what each says, using real NSE gap examples.
Indicators
The popular indicators explained from scratch, moving averages, momentum, trend strength, volatility, volume and trend-following systems, plus a tour of OpenAlgo's 80+ indicator toolbox, and how not to drown in them.
Moving Averages: The Trend, Smoothed
Your very first indicator. A moving average turns jagged price into a clean line you can lean on. Meet the SMA and EMA (and the faster WMA, HMA and VWMA), dynamic support, and the famous golden and death crosses, dated and measured on real charts.
RSI and the Momentum Oscillators
Momentum oscillators measure how fast price is moving, not just where. Start with the RSI, then meet the Stochastic, CCI, Williams %R and Stochastic RSI, and learn why 'overbought' is not a sell button.
MACD: Trend and Momentum in One
The MACD blends two moving averages into a single momentum tool with a signal line and histogram. Learn to read crossovers and divergence, with dated examples and the honest hit rate from real charts.
Bollinger Bands, ATR and Volatility
Volatility is just how much price jumps around, and it is measurable. Learn Bollinger Bands and the squeeze, the ATR you will size stops with, and the Keltner and Donchian channels, all on real charts.
Volume Indicators: OBV, MFI and Money Flow
Price tells you what; volume tells you how convincingly. Beyond raw volume, meet On-Balance Volume, the Money Flow Index, Chaikin Money Flow and the A/D line, and see what real NSE volume did at big turns.
How Strong Is the Trend? ADX, DMI and Aroon
Direction is only half the story; strength is the other half. The ADX, DMI and Aroon tell you whether a trend has real force behind it or is just drifting, so you know when a trend tool will work and when it will whipsaw.
Trend Tools That Sit on Price: Supertrend, SAR and Ichimoku
Some indicators plot directly on price and flip from buy to sell for you. Meet the Supertrend, the Parabolic SAR and the Ichimoku Cloud, what each does well, and where each gets chopped up in a range.
Stacking Indicators Without Fooling Yourself
Five indicators that all say the same thing give false confidence, not five confirmations. Learn to combine one tool from each family, trend, momentum, volatility and volume, and stop the clutter.
The Full Indicator Toolbox: 80+ at Your Fingertips
OpenAlgo's library carries 80+ indicators across trend, momentum, volatility, volume, oscillators, statistics and hybrids. This is your map of the whole toolbox: what each family is for, the standouts in each, and how to choose a few without drowning.
From Analysis to Action
Turn reading charts into a repeatable, risk-managed process, and the mindset to actually follow it.
Top-Down: Multiple-Timeframe Analysis
The pros decide direction on the higher timeframe and time entries on the lower one. Learn the top-down routine, weekly for the map, daily for the move, aligned on a real chart.
From Setup to System: Build & Backtest
Combine trend, a level and a trigger into a rule-based setup, then test it honestly on real history. Learn how a simple, well-tested edge beats a complicated guess, and how to measure it.
Risk First: Position Sizing & Stops
Survival comes before profit. Learn the stop-loss, the reward-to-risk ratio and how to size a position so no single trade can hurt you, the unglamorous math that keeps traders alive.
The Last Edge: Psychology, Discipline & What's Next
Most traders fail not on analysis but on themselves. Learn the mental traps, the discipline of a written plan and a journal, and where to go next, including automating a tested setup with OpenAlgo.
For education only - not investment advice. 28 chapters, built on real NSE charts for beginners.