Identifying patterns like Hammer, Shooting Star, and Engulfing bars to gauge immediate market sentiment.
: Using volume to validate a price move. For instance, a genuine breakout should ideally be accompanied by a volume spike (e.g., 2-3 times the 20-day average). Strategic Trading Approaches price action trading sunil gurjar
Here's a detailed guide to get you started: Identifying patterns like Hammer
He popularized the concept of "Naked Trading"—analyzing price charts without any indicators (no RSI, no MACD, no Moving Averages). Gurjar argues that indicators are lagging; they tell you what happened yesterday. Price, however, tells you what is happening right now . price action trading sunil gurjar
Beyond basic patterns, Sunil Gurjar teaches specific tactical frameworks:
Let’s apply this to a real-world scenario in the Bank Nifty Index (15-minute timeframe).