We recommend reading this chapter on Varsity to learn more and understand the concepts in-depth.
Key takeaways from this chapter
- Conventional charts can’t be used for TA as we must plot 4 data points simultaneously.
- A line chart can be used to interpret trends only.
- Bar charts are unpopular as they’re unappealing, and patterns aren’t easily identifiable.
- Candlesticks Types – Bullish & Bearish. The structure of the candlestick, however, is unchanged.
- Close > open = Bullish candle. Close < open = Bearish candle.
- Time frames are crucial in defining trading success.
- The number of candles grows as the frequency rises.
- Traders should discard noise from relevant information.
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it was really awesome thank you soo much zerodha and @Karthik Rangappa sir @prathik sigh
Happy learning, Sai!
Thanks Zerodha for starting the video series. It is very very helpful to understand better than reading just theorotical.
Happy learning!
Hello sir, I am little confused about monthly timeframe and weekly timeframe. In both this frame, sir mentioned both of this is used by long term investors and he also explicitly told about second one that long term means 3 to 4 months or up to 6 months. so my question here is what about the first one? how long it would be?.
Monthly you can use to get a sense of a really long-term view on the trend, maybe like last 5 years.
Thanks a lot, sir. I am enjoying, learning, and exploring new things through these top-notch video series and also the articles and I like the support you give by answering questions in the comment section. It matters a lot to me.
Happy learning Priyanshu. Glad you liked the content 🙂
Thanks Zerodha Team, This is very helpful for me, I personally believe that knowledge is never ending.
Happy learning, Sandeep!
what platform are you using to view the chart?
On Kite, we have both ChartIQ and TradingView. I use these. The snapshots here are different though (pre-Kite era).
Hello Sir,
Thank you for sharing this knowledge sharing session on Zerodha Varsity. This is really much helpful for beginners who are interested in learning trading.
What it means Traders should discard noise from relevant information.?
Can you clarify this statement ?
Yamini, so too much information becomes noise 🙂 We just need the right amount of information to make a decision. For example, on the day of the union budget, it is not essential to know what the Finance minister is wearing or which briefcase the minister is carrying. We only need to know what the budget was all about.
Your way of teaching is awesome. It provides very clear information.
Happy learning 🙂
i have doubt iam beginer timeframe doubt how to check correct time frame trade beacuse an eg. 15 mintes candles is hammer type but next 30minte candles is not hammer pattern ??? why reason
So Abi, you must identify a time frame that suits your risk and reward mentality. Once you do that, look at that timeframe and trade using that. Multi time frame approach is good, but I’d not suggest that for a beginner.
Its an awesome learning thank you soo much zerodha @prathik sigh and @Karthik Rangappa .loved it
Happy learning, Satyendra.