Price Action Trading By Sunil Gurjar (Paperback)

"Price Action Trading" is a trading technique that relies solely on analyzing "Price" and "Volume" data to make trading decisions. Sunil Gurjar, the founder of Chartmojo, offers a comprehensive guide on how to effectively trade securities and time entry and exit points using price action without heavy reliance on technical indicators.

The book is written in a simple and easily understandable language, making it suitable for those interested in learning Technical Analysis, particularly in the context of Price Action Trading. It covers various trading styles, including Intraday Trading, Swing Trading, and Positional Trading.

Key topics covered in the book include:

1. Basics of Price Action Technical Analysis: The book helps traders and investors understand the fundamentals of price action technical analysis, enabling them to identify the right stocks at the right time to profit from trading or investing.

2. Technical Analysis Tools: The book explains how to use various technical analysis tools like support-resistance, moving averages, candlestick patterns, and chart patterns in price action trading, with the help of case studies and charts.

3. Risk Management Techniques: Risk management is essential in trading, and the book covers important techniques such as Position Sizing, Initial Stop Loss, Trailing Stop Loss, and Maintaining a Trading Journal.

4. Candlestick Patterns: Various candlestick patterns like Maribozu, Hammer, Hanging Man, Doji, Engulfing Pattern, Harami Pattern, and more are explained, along with advanced candlestick analysis methods.

5. Chart Patterns: The book covers different chart patterns such as Head & Shoulder, Double Top, Double Bottom, Ascending Triangle, Descending Triangle, Cup and Handle, and more.

6. Case Studies: The book includes 49 case studies to illustrate the concepts in a practical and easily comprehensible manner.

Overall, "Price Action Trading" equips traders with valuable insights and techniques to navigate the market using price action analysis. It offers a comprehensive approach to technical analysis and risk management, making it a valuable resource for traders looking to enhance their trading skills and strategies.