As India sees a record surge in stock market participation, one critical gap remains: education.
Millions are entering the markets, but most don&rsquo;t know how to read a price chart. Instead, they rely on tips, tweets, or gut instinct. But trading isn&rsquo;t guessing-it&rsquo;s a skill, says trading coach Vishal B Malkan, who has been teaching for over 27 years.
&ldquo;You can&rsquo;t control the market. But if you learn to read the chart, you can control your trades.&rdquo;
Start with the Basics: Price Action
Technical analysis is often seen as complex or only for experts. But Malkan simplifies it with one tool: price action.
Price action is the art of reading the price itself-without indicators or news. And it starts by understanding three core trends.
1. Uptrend (Bullish Market)
An uptrend is a series of Higher Highs (HH) and Higher Lows (HL). The price rises steadily, with every dip followed by a stronger bounce.
It reflects bullish sentiment, as buyers are willing to enter at higher levels.
Example: ₹100 &rarr; ₹110 &rarr; ₹105 &rarr; ₹115 &nbsp;Each high and low is higher than the last.
2. Downtrend (Bearish Market)
A downtrend shows Lower Highs (LH) and Lower Lows (LL). Price keeps falling, and even recovery attempts are weak.
This indicates selling pressure and lack of buyer strength.
Example: ₹150 &rarr; ₹140 &rarr; ₹145 &rarr; ₹130 &nbsp;Each high and low is lower than the previous one.
3. Sideways Trend (Range-Bound Market)
Here, the price fluctuates between support and resistance levels. There&rsquo;s no clear direction-just consolidation.
This often comes before a strong breakout in either direction.
Example: A stock bouncing between ₹95 and ₹105 is in a sideways trend.
In the chart below, you&rsquo;ll see how a stock can go through all three phases:
<ul style="text-align: justify;">
<li>Uptrend: Strong rally with Higher Highs and Higher Lows </li>
<li>Sideways: Consolidation phase, price stuck in a range </li>
<li>Downtrend: Breakdown with Lower Highs and Lower Lows</li>
</ul>
&ldquo;Charts are the ECG of the market. You don&rsquo;t need to know why a stock moves, just understand what it&rsquo;s doing and where it could go next,&rdquo; he explains.
India has passionate traders, but not always informed ones. If the goal is wealth and not just thrill, then education must come before execution.
Vishal B Malkan&rsquo;s message is clear:
Don&rsquo;t guess the market. Learn to read it with structure, discipline, and clarity.
For a More Detailed Explanation (in Gujarati), you can watch a dedicated video in Gujarati on Vishal B Malkan&rsquo;s YouTube channel.
<img src="http://images.mid-day.com/images/images/2025/jul/assurad-1_e.jpg" alt="" width="1280" height="720" />
<a href="https://www.youtube.com/@malkansview5305" target="_blank" rel="nofollow noopener">https://www.youtube.com/@malkansview5305</a>&nbsp;
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Technical analysis is often seen as complex or only for experts. But Malkan simplifies it with one tool: price action.

You Can’t Control the Market, But You Can Learn How to Trade It” – A ChartparCharcha with Vishal B Malkan

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You Can’t Control the Market, But You Can Learn How to Trade It” – A ChartparCharcha with Vishal B Malkan

Other Articles

Mid-Day Fast