Technical Analysis 1. Candlestick Pattern for Trend Reversal
What you'll learn
- Comprehensive understanding of Candle sticks and Candle stick patterns
- How to identify Bullish reversals and Bearish reversals with the help of Candle stick patterns
- This will be useful in short term trading
- This will also help in taking Buy and Sell decisions based on trend reversal signals while trading in Futures and options
- There is no prerequisite for learning the Candle sticks and patterns but for its practical application, one must know how to trade in stocks or any asset or derivatives
Stocks and Stock markets do not move in one direction. While long term Investors rely on Fundamental Analysis, the short-term traders depend on Technical Analysis to determine when they should enter a trade and when should they exit. Technical Analysis therefore, is an important aspect of Trading be it Stocks, Commodities, Currencies or any tradable asset. Technical Analysis broadly has two complimentary but different approaches which have been clubbed under three different courses.
(a) Technical Analysis 1. Candlestick Patterns for Trend Reversal (This course)
(b) Technical Analysis 2. Chart Patterns for Direction Forecast (Course is in the making. Will be launched soon)
(c) Technical Analysis 3. Understanding Technical Indicators (Course is in the making. Will be launched soon)
This course is Part 1 and deals only with Candlestick Patterns for Trend Reversal. This course is suitable for those Traders who prefer entering or exiting trades when the direction of the market changes from Bullish to Bearish or Bearish to Bullish.
The subject of Technical Analysis is generally not thought in colleges and universities and if at all it is a part of curriculum, it is thought as a pure academic subject and not from the perspective of trading in stock market. The problem is further compounded when people interested in making trading their profession often take to learning from persons who are not qualified to teach this subject. There is a clear void in availability of structured courses and conceptual knowledge in this field.
Trading and Teaching are two different arts. Students are generally told “What to do” but they remain guessing as to “Why” must they do that. This course endeavours to explain both… what is to be done and also why it must be done.
Intent of this Course.
In this course hosted by PRUDENCE Engineering and Financial Consultants, Col (Dr) Shabbar Shahid, an Army Veteran and a post graduate in Engineering and Finance with a Doctorate in management explains Candlesticks and Candlestick patterns in a very simple and lucid manner with live examples. The intent is to impart conceptual knowledge combined with practical applications. This course will also be of help to those who intend to pursue a career in the Capital Markets
Layout and Content
The course is spread over four sections.
Section 1 explains the candlesticks and the significance of Candlesticks and their patterns.
Section 2 and 3 explains six Bullish and six Bearish reversal patterns each.
Section 4 explains the Dojis and their significance.
This course will be of immense benefit to those who invest or trade in Stock market, take short term trades and/or trade in derivatives like Futures and options or indulge in day trading or even Algo trading. It will also be useful to those who intend to make stock trading as their profession or career. Those who are already trading in stocks and derivatives like Call Options, Put options and Futures but with limited knowledge, will be able to enhance their knowledge and skills. This course will help the students of finance, commerce and those pursuing or intending to pursue financial management courses.
This course is suitable for those who intend to learn the candle stick patterns for taking informed and balanced decisions. The instructor is a strong opponent of speculation and would like to make it very clear that this course will not serve the purpose of those intending to speculate. Further, the instructor would like to caution that short term trades or trading in Futures and Options involve high risk and one must not indulge in such trades without proper knowledge, risk management and covering the trade positions
This course in Not specific to Indian stock market or US stock market or indices like Nifty, Sensex, NASDAQ or Dow Jones but a conceptual course applicable to all stock markets across the globe.
End Result and Key Takeaways
On completion of this course, the students will have a comprehensive and conceptual knowledge of what candlesticks are, what is their purpose and significance and how does the candle stick patterns help in determining trend reversals in the stock market or any other trades.
The Bullish reversal patterns like Hammer, Inverted hammer, Bullish engulfing, Piercing line, Morning star, Three white soldiers and the Bearish reversal patterns like Hanging man, Shooting star, Bearish engulfing, Evening star, Three black crows and Dark cloud cover have been explained in detail with examples. The three types of Doji including the Gravestone doji and Dragonfly doji have been explained with their significance and relevance.
The methodology adopted is such which one does not find in books.
It is an educational course to enhance your knowledge. The course does not include any tips or tricks or shortcut methods of getting rich.
The instructor knows the subject well and speaks to the point without any glamour, frills or divergence thus, respecting the value of time.
This course is purely for educational purposes. Investment and trading in stock market involves financial risk. Students taking this course are advised to exercise due diligence before making any investment or trade in stock market. The instructor or any party related to this course or it's content will not be responsible for any kind of loss to anyone in anyway, due to this course.
Who this course is for:
- This course will be of help to those who trade in stocks, currencies or any other assets
- Those who are short term traders in Stock market
- Those who trade in Futures and Options
- Those who are keen to learn Candle Stick patterns for the purpose of identifying Trend reversal signals
- Students undergoing professional courses in Finance like CFA, CA, MBA etc for better understanding of the subject
You being a keen learner in quest of knowledge, our courses are designed and structured specially for you.
About our courses:
Our courses are designed to give you an in-depth knowledge in a manner which is easy to understand and difficult to forget. Emphasis is given to the fundamentals rather than bookish literature so as to make your foundation strong.
About the Instructor:
Col (Dr) Shabbar Shahid is an Army veteran and a mechanical engineer with over 38 years of experience. Qualified as a post graduate engineer coupled with a masters degree in financial management, a PhD and a passion for teaching he continues to be a learner. He is also a fellow of the Institution of Engineers (India) and a Chartered Engineer. Apart from academic qualifications and several specialized Army courses, his versatile experience in understanding people across a wide spectrum will add to the value of his lectures. Retired from the Army in 2020, he now pursues his passion for teaching and manages a small consultancy firm called PRUDENCE Engineering and Financial Consultants of which he is the founder.
Knowledge is the only instrument of production which is not subject to diminishing returns.
An investment in knowledge gives consistent returns throughout life, and then to the next generation.
Lt Col (Dr) Sofia Shahid is an officer ex Indian Army with over 20 years of experience. She has served across the length and breadth of the country in field as well as peace areas.
Lt Col Sofia is currently managing her own Dental clinic with a mission of preventing dental caries in children.