Price Action Trading by Sunil Gurjar

A Practical Introduction to Price Action Trading

Make Money with Price Action Trading: Technical Analysis Simplified! by Sunil Gurjar is a practical guide for traders and investors who want to understand market movements using price, volume and chart behaviour.

Rather than depending heavily on complicated indicators, the book focuses on the core concepts behind price action trading.

The publisher describes price action trading as an approach where traders primarily study price and volume to make trading decisions. The book is aimed at readers who want to improve entry and exit timing across intraday, swing and positional trading.

Understanding Price Action

Price action trading is based on reading what the market itself is doing.

Instead of beginning with a large number of indicators, traders observe how price moves around important areas and how buyers and sellers react.

Sunil Gurjar explains concepts such as:

• Support
• Resistance
• Trend direction
• Candlestick behaviour
• Breakouts
• Chart structures
• Price and volume relationships

The goal is to help readers understand market behaviour directly from charts rather than blindly following signals.

Support and Resistance

Support and resistance are among the most important concepts covered in the book.

Support refers to areas where buying interest may become stronger, while resistance refers to areas where selling pressure may increase.

The book explains how these zones can be used to:

• Identify possible trade entries
• Define stop-loss areas
• Recognise breakouts
• Manage exits
• Understand market structure

These concepts form a foundation for many of the later strategies discussed in the book.

Candlestick Patterns

A large part of the book is devoted to candlestick analysis.

According to the publisher description, patterns discussed include:

• Marubozu
• Hammer
• Hanging Man
• Inverted Hammer
• Shooting Star
• Doji
• Engulfing Pattern
• Harami Pattern
• Piercing Line
• Dark Cloud Cover
• Morning Star
• Evening Star
• Three White Soldiers
• Three Black Crows

The book also introduces more advanced methods of interpreting candlesticks rather than treating every individual candle as an isolated buy or sell signal.

Chart Patterns

Readers are also introduced to many classic technical-analysis chart patterns.

These include:

• Head and Shoulders
• Inverse Head and Shoulders
• Double Top
• Double Bottom
• Rounding Top
• Rounding Bottom
• Ascending Triangle
• Descending Triangle
• Symmetrical Triangle
• Rectangle Pattern
• Cup and Handle
• Channel Patterns
• Wedge Patterns

These formations are used by technical traders to study trends, continuation setups and potential reversals.

Moving Averages and Technical Tools

Although the book emphasises price action, it does not completely reject technical tools.

It discusses moving averages and other methods that can help traders understand trends and market structure.

The central idea is to use technical tools as supporting information rather than allowing indicators to completely replace price analysis.

Risk Management

One of the most important parts of trading is risk management.

The book includes discussion of:

• Position sizing
• Initial stop-loss placement
• Trailing stop losses
• Trade management
• Maintaining a trading journal

These sections are especially useful because trading success depends not only on identifying opportunities but also on controlling losses when a trade does not work as expected.

49 Practical Case Studies

A strong feature of the book is its use of practical examples.

Publisher and retailer descriptions state that it contains 49 case studies designed to show how the concepts work on real charts.

These examples help connect theory with practical chart interpretation.

For beginners, this can make technical-analysis concepts easier to understand than learning definitions alone.

Useful for Different Trading Styles

The book is intended for readers interested in several different approaches, including:

• Intraday trading
• Swing trading
• Positional trading
• Stock-market investing using technical analysis

It does not promise guaranteed profits. Instead, it presents tools that traders can use when developing their own decision-making framework.

Important Investment Note

Technical analysis and price action methods involve uncertainty.

No chart pattern, candlestick formation or trading strategy can guarantee a profitable result.

Market prices can move unexpectedly, and traders can lose money.

This book should therefore be viewed as educational material, not as personalised financial advice or a guarantee of investment performance.

Readers should understand risk management and evaluate their own financial situation before trading with real money.

Who May Enjoy This Book

This book may be useful for:

• Beginner stock-market traders
• Swing traders
• Intraday traders
• Technical-analysis learners
• Investors wanting to understand charts
• Readers learning candlestick patterns
• Readers studying support and resistance
• Traders wanting practical chart examples
• Students of market psychology and risk management

About Sunil Gurjar

Sunil Gurjar is an Indian trader, author and technical-analysis educator.

Jaico Publishing House describes him as a CFTe and CMT, a bestselling author and founder of Alphamojo, with a specialisation in analysing classic chart patterns. His other books include Breakout Trading Made Easy and Technical Analysis Made Easy.

For readers looking for an accessible introduction to technical analysis based on price, volume, candlesticks, chart patterns and risk management, Make Money with Price Action Trading provides a practical starting point.