In the realm of indicators, Gurjar advocates for simplicity. While there are hundreds of technical indicators available, he focuses on the most reliable ones, such as Moving Averages (MA), the Relative Strength Index (RSI), and MACD (Moving Average Convergence Divergence). He warns against the common mistake of using indicators in isolation. Instead, he teaches the concept of "confluence"—using an indicator to confirm a pattern or trendline breakout. For example, a price breaking above a resistance level is a stronger signal if it is accompanied by high volume and an RSI crossing above the 50 level.
Technical Analysis Made Easy: A Trader’s First Step to Confident Decisions technical analysis made easy by sunil gurjar
Technical analysis is not about being right all the time. It’s about making money even when you’re wrong 40% of the time. In the realm of indicators, Gurjar advocates for simplicity
Have questions or a specific chart you’d like me to explain? Drop it in the comments. Instead, he teaches the concept of "confluence"—using an
Once you master these, add a third. But never trade with a messy chart.
Support is where price tends to stop falling; resistance is where it tends to stop rising.