Price Action — Trading Sunil Gurjar

Sunil Gurjar , the founder of Chartmojo, is a well-known figure in the Indian trading community, recognized for simplifying complex technical analysis through his book and courses on price action trading. His approach emphasizes that "the market tells a story" through price and volume, and a trader's job is simply to learn how to read it. Core Philosophy: Price and Volume First

Price Dynamics: Traders should identify zones of Price Rejection (marked by long wicks) versus Price Acceptance to pinpoint accurate trade signals. Key Technical Tools price action trading sunil gurjar

Support & Resistance: Identifying "zones" where big players are likely to buy or sell. Sunil Gurjar , the founder of Chartmojo ,

A Simple Sunil Gurjar Price Action Setup

Here is a classic setup he teaches for a Bullish Trade: Sunil Gurjar's website and social media channels, which

• Sunil Gurjar's website and social media channels, which offer a wealth of educational content, including articles, videos, and webinars.
• Online trading communities and forums, where traders can connect with others and share knowledge and experiences.
• Trading courses and workshops, which provide in-depth training on price action trading and Sunil Gurjar's methodology.

Sunil Gurjar's approach to price action trading emphasizes the importance of:

• Long lower wick: Bulls rejected lower prices (Buy signal).
• Long upper wick: Bears rejected higher prices (Sell signal).

• Resistance becomes Support: When price breaks above a resistance level with force, that level becomes the new support floor.
• Support becomes Resistance: When price breaks below support, that level becomes the new ceiling.

Risk Management: The 1% Rule

Gurjar is strict about risk. No single trade should risk more than 1% of your total capital. If your stop loss is 20 points, your position size must be calculated so that losing 20 points equals 1% of your account.