Technical analysis has become extensive in recent years. Technical Analysts identify and evaluate key factors and elements of a data model & make recommendations that are expected to produce desirable results. They use specific techniques like historical trends, charts & price movements to analyze financial markets & predict future price movements, and make recommendations to the investors.
Learn & Master
Elliot Wave Principle
How will I benefit from this certification?
Candidates looking to find employment in the field of financial services, banking, investment, insurance or stock broking can benefit from this certification program. This course focuses on understanding the market actions and analyzing the changes that occur over a period of time. It intends to build skills required to assess the overall situation concerning stocks by analyzing technical indicators, such as breadth of market data, market sentiment, momentum, and other indicatorsand thereby perform security analysis used for forecasting the direction of prices.
Companies that hire Technical Analyst
There are various companies like Sharekhan Limited, Angel Broking, Kotak Securities Limited, Aditya Birla Money Ltd, IndiaBulls, Religare Securities Ltd and ICICI Direct keeps on hiring certified technical analyst.
Discusses the important terminologies used in the stock market such as meaning of bull, bear, closing price, circuit breaker, intraday trading, stop-loss etc.
Illustrates the various reasons that might cause movement in price such as falling share price, changing market conditions, etc.
Explains the functioning of share price chart and illustrates various situations such as gaps, dead cat bounce etc.
Explains the basics of trendlines such as the procedure of drawing a trendline, meaning of intersecting trendlines, drawing trendlines on long-term charts etc.
Describes the different types of trendlines with examples – Upward and Downward trendlines.
3. Dow Theory
Describes the various types of trends in the first tenet of Dow Theory such as up-trends, down-trends and corrections.
Illustrates the three phases in the second tenet of Dow Theory such as accumulation phase, public participation phase and excess phase.
Describes the functioning of the price of an asset in the third tenet of Dow Theory and how the markets discounts all news
Explains the concepts of stock market averages used in the fourth tenet of Dow Theory
Explains the role of volume in identification of price trend in the fifth tenet of Dow Theory
The sixth and the final tenet of Dow Theory states that the trends exist until definitive signals prove that they have ended.
Explains the meaning and importance of volume in technical analysis in terms of trend confirmation and chart patterns
Explains the relation of volume and chart patterns and the implication when volume precedes price and the concept of breakouts
Explains the relation between price trends and volume, analysis of trend volume and the meaning of volume spikes
5. Price Charts
Explains the purpose of price charts and the usage of time frames by traders as per their trading style
Describes the various types of charts such as line chart, bar chart and candlestick charts.
Describes the other price charts being used in the process of analysis such as Kagi charts, Heiken Ashi candles and Renko charts.
Explains the concept of “support”, its treatment and implications.
Explains the concept of resistance, its functioning and the charts showing support and trend in a range market and trending market
6. Candlestick Chart Patterns
Explains the history and evolution of candlestick charts
Explains the concepts of candlestick formation such as long versus short bodies, Morubozu, long versus short shadows, spinning tops, doji, hammer, inverted hammer, hanging man.
Explains the basic chart patterns to identify support and resistance such as double tops and bottoms, head and shoulder patterns, bullish and bearish engulfing, morning, evening and shooting stars, falling and rising wedge, flags and pennants etc.
7. The Elliott Wave Principle
Explains the discovery of Elliot Wave principle and the various price patterns emerging in the overall path of market development.
Explains the notations and implications of different degrees of wave
Explains the basic sequence of the impulse and corrective wave and their respective movements
Explains the fractal nature of Elliot wave, the three rules applied to 5-wave impulse sequence and the important guidelines pertaining to Elliot wave
8. Technical Indicators
Explains the importance and usage of technical indicators
Describes the categories of technical indicators – leading and Lagging indicators
Illustrates the Simple Moving Average (SMA) Model with example and charts
Illustrate the Exponential Moving Average (EMA) Model, its numerical and graphical representation
Comparative analysis between SMA and EMA
Explains the concept of Moving Average Convergence Divergence (MACD), its graphical representation and various types of MACD lines
Explain the leading technical indicator – ‘Oscillators’, relative strength index and stochastic oscillators
Explains the practice of Bollinger bands and ways in which it is used
Explains the Average Directional Index (ADX)
Explains the concept of Parabolic SAR
9. Fibonacci Study
Discusses the evolution of Fabonacci and the associated studies
Explains the meaning and interpretation of Fabonacci Arcs
Explains the meaning and interpretation of Fabonacci Fan Lines
Explains the concept of Fabonacci Retracements
Explains the interpretation of Fibonacci Time Zones
10. Trading Psychology
Explains the various psychological biases that may affects while trading such as over confidence, anchoring, confirmation, loss aversion
11. Charting Softwares
Explains the common features of charting softwares such as charting, back testing, optimization, scanner, alters, data feeds, custom indicators, platforms etc
12. Trading Rules with Technical Analysis
Explains the important rules that should be used in technical analysis such as – Map the trends, Spot the trend, find the low and high of it, draw the line, follow that average, learn the turns, know the warning signs, trend or not a trend and know the confirming signs