Price Action Trading by Sunil Gurjar – A Complete Guide to Chart Patterns, Candlestick Analysis and Breakout Strategies
Price Action Trading: Technical Analysis Simplified is a powerful book written by Sunil Gurjar, founder of Chartmojo. It is especially useful for people who want to learn the basics and practical concepts of stock market trading and investing. The book explains the concept of price action in simple language without relying heavily on indicators.
It is suitable for various trading styles such as Intraday Trading, Swing Trading, and Positional Trading. The book provides in-depth explanations of Support-Resistance, Moving Averages, Candlestick Patterns, and Chart Patterns with real-life examples.
Candlestick patterns like Marubozu, Hammer, Hanging Man, Doji, Engulfing Pattern, and many others are explained in detail. Chart Patterns like Head and Shoulder, Double Top, Cup and Handle, and Wedge Pattern are also covered extensively.
With more than 49 case studies, the book provides practical insight into how these concepts work in the live market. It also covers key topics like risk management, stop loss placement, and maintaining a trading journal.
With a 4.3-star rating from over 3,700 reviews, this book is a best seller in its category. If you want to understand and apply price action trading in real markets, this book can be a great companion.
Description
Price Action Trading: Technical Analysis Simplified is a complete guidebook designed for those who want to dive deep into the world of trading and investing. The book is authored by Sunil Gurjar, founder of Chartmojo, a well-known figure in price action-based trading.
This book teaches traders how to make informed decisions using only price and volume. It is ideal for those who want to understand market behavior without depending on complex indicators.
Topics Covered
1. What is Price Action Analysis
Price action is a trading technique where only the movement of price is studied to predict future trends. It focuses on candlesticks, volume, and chart structures rather than technical indicators.
2. Applicable Trading Types
-
Intraday Trading
-
Swing Trading
-
Positional Trading
This book teaches how price action techniques can be applied effectively in all these trading styles.
3. Technical Tools Explained
Support and Resistance
Learn how to identify and use key price levels where price tends to reverse or consolidate.
Moving Averages
Understand how to use Simple and Exponential Moving Averages to identify trends and entry points.
4. Candlestick Patterns
Here are some of the candlestick patterns explained in detail:
| Pattern Type | Examples Covered |
|---|---|
| Reversal Patterns | Hammer, Shooting Star, Hanging Man, Inverted Hammer |
| Continuation | Marubozu, Doji, Three White Soldiers, Three Black Crows |
| Engulfing Patterns | Bullish Engulfing, Bearish Engulfing |
| Others | Harami, Piercing Line, Dark Cloud Cover, Morning Star, Evening Star |
5. Chart Patterns
Several important chart patterns are illustrated through case studies:
-
Head and Shoulder
-
Inverted Head and Shoulder
-
Double Top and Double Bottom
-
Ascending and Descending Triangle
-
Rectangle Pattern
-
Cup and Handle
-
Channel and Wedge Pattern
These patterns are explained with clarity, helping traders apply them with confidence.
6. Risk Management and Trading Psychology
The book emphasizes that successful trading is not only about identifying patterns but also about discipline and managing risks:
-
Position Sizing
-
Initial Stop Loss and Trailing Stop Loss
-
Maintaining a Trading Journal
-
Controlling Emotions and Trade Psychology
7. Practical Learning with 49+ Case Studies
The book includes 49 detailed case studies that provide real-market scenarios. These help readers connect theoretical knowledge with practical application.
Why You Should Buy This Book
-
Written in simple and understandable language
-
Focuses on real price behavior rather than complex indicators
-
Suitable for beginners and experienced traders
-
Includes practical examples and real charts
-
Highly rated and best seller in its category
Ideal Audience
-
New investors in the stock market
-
Students learning trading
-
Part-time and full-time traders
-
Individuals interested in technical analysis
Book Specifications
| Feature | Details |
|---|---|
| Author | Sunil Gurjar (Chartmojo) |
| Publication Date | 1 January 2021 |
| Format | Paperback |
| Language | English |
| Rating | 4.3 out of 5 |
| Reviews | Over 3,700 |
| Category | Investments and Securities |
If you are serious about learning to trade with price action techniques and want a simple yet powerful resource, this book is a must-have addition to your library.
Reviews
There are no reviews yet.