---
title: 'Price Action Free Masterclass | Learn Stock Market Trading'
source: 'https://youtube.com/watch?v=aE9HrZT3Dmk'
video_id: 'aE9HrZT3Dmk'
date: 2026-08-25
duration_sec: 1854
channel: 'Pushkar Raj Thakur: Stock Market Educator 📈'
---

# Price Action Free Masterclass | Learn Stock Market Trading

> Source: [Price Action Free Masterclass | Learn Stock Market Trading](https://youtube.com/watch?v=aE9HrZT3Dmk)

## Summary

This video is a free masterclass on price action trading, aimed at beginners. The instructor explains the core concept of price action as a leading indicator, outlines four key pillars (trend, support/resistance, candlestick patterns, chart patterns), and demonstrates how to apply them on live charts. It also covers forming a market view using global cues and PCR, and emphasizes the importance of practice and risk management.

### Key Points

- **Introduction to Price Action** [00:00] — Price action is the most important concept for trading; it involves analyzing price movements without indicators like RSI or MACD, as price is a leading indicator.
- **Market Psychology** [00:43] — The market is a tug of war between buyers and sellers; understanding who is stronger helps predict market direction.
- **Four Pillars of Price Action** [02:32] — Four key pillars: trend, support/resistance, candlestick patterns, and chart patterns. These are based on Dow theory concepts.
- **Forming a Market View** [09:15] — Before trading, form a market view by checking global markets (e.g., SGX Nifty, S&P 500) and using PCR (Put-Call Ratio) to gauge sentiment.
- **Live Chart Analysis** [14:22] — On a live chart, identify trend by looking for higher lows; connect lows with a trend line to define support. Volume on futures confirms strength.
- **Support and Resistance** [17:39] — Support and resistance are zones where price reacts; use horizontal lines or rectangles to mark them. Price often bounces from these levels.
- **Candlestick and Chart Patterns** [22:14] — Candlestick patterns like the hammer signal reversals; chart patterns like double top provide entry and target levels.
- **Instrument Selection and Risk Management** [26:10] — Use the right instrument based on market conditions; on sideways days, selling options may be better than buying. Always manage risk with stop losses.

## Transcript

Price action, now what is price action? How do you trade price analysis, the most important thing is to understand price action. in which you are learning a lot. So today my effort will be that
price action in such a way that the concept is completely clear get that clarity and I will tell you about the one to be found. to this channel, then you can miss many videos in the future.
start today's video. So what is price action? Basically, we try at the price, but what do we have to understand? I will tell
in the market. One is buyers and the other is sellers. Now the goes on. Have you seen the game of tug of war? They pull the
people here and there are some people there. Now it is confirmed their efforts, but only one side wins. Either we see this side, the sellers will win, and for a while, both of them will keep
you will understand price action from this tug of war. But ultimately One side will pull the other side. Now you have to understand
is going to happen in the market? You are doing its analysis Look, when we trade on price action, there are no indicators apply RSI, we do not apply MACD, we do not apply super trend
price action is the leading indicator. All indicators are following the price, we understood the price, it is also going according of things are understood from the price. Have you read about
concepts in Dow theory, but the most important things are going now I will discuss, now you will get to know their psychology
get to know their psychology from the price of their buyers and get to know who is stronger and whoever is stronger will move
is strong, then he will take the stock or the market up and if he will take it down. Now to learn this, you should know basically
are those four things? You tell me. You know, I know, you know, series. You should know these four things and in this you will of Dow theory. Number one, we have to understand the trend. Now
concept of Dow theory? I have talked about Dow theory. So Charles some papers in 1900. He did a market analysis, and then it was
came out of it, in which the most important thing is that the in the Dow theory. So in Dow theory, you will read that the market you look at the market, then first of all, accumulation starts
goes up from accumulation. After that, public participation starts goes up more. When the market goes up more, then distribution starts to fall down and then people panic. After that, accumulation
public participation starts. After that, what will happen? There it is possible that the price falls down, panic, and then accumulation market. So what is this accumulation, public participation and
wants to tell you that the market moves like this and these are in this, there are many things like primary trend, secondary we understand all this? We understand in simple language. So
that the market moves in the trend. When we gave you training if you have not seen we have to understand now that the market is in trend and I told
friend. Do not trade against the trend. It is your advantage. one that we have to understand the trend and we understand the action is trend trading. What is the second part? The second
trading. Now you have seen the video on support and resistance. you can go and see the I button link. What do you have to understand Now here you must have heard that history repeats itself. It
that the history that has happened, it happens again and it keeps itself. Now it is possible that it happens. In this, you have thing. Candlestick patterns, candles try to tell you a lot. This
It tries to tell you about the candles. It definitely tells the it by doing support and resistance one by one and here there and those patterns are not being made from today. You are seeing
made for hundreds of years because they are being made continuously. is going on between buyers and sellers. So there are some patterns in it. It tells a single
double candle, it tells a triple candle. So you know that such market. Now we are going to understand this candle and when candles then we see some patterns on the chart, which we call chart patterns.
master price action, then according to me, you need to understand support resistance, candlestick patterns and chart patterns.
now see we have not talked about indicators. We have not talked we are going to tell you the indicators that I use in this series, are going to use indicators for technical analysis, but before
to understand simple price action. So let's understand simple say, I will come directly to the chart and try to explain you the live market is going on. The fun of the live market is different.
you to the chart. Let's start from here. So now the live market you. You are going to do analysis yourself. I have told you four We will discuss all four in front of you and you will have a
these four things, no indicator is applied. You are seeing an at the price, you will find out a lot. Now let's start from here. is important to understand the candle. See, there are many beginners
we will talk about candlestick patterns, but I will explain a another color, let's take black. So here you see two candles, what do you see in the candle? For example, I take this candle.
this candle. One is its body. The green in the middle is the down a little bit, went up a little bit. What is this? This is it is a shadow. Now it is a shadow. So what do we know in this?
candle, for example, this was a green candle, then you just have Green candles are always open from below and close above and candle? Red candles are always open from above. This is open
below. This is the closing below. This is what you have to understand are always the same. If I say that this went up, this is high
is low. This is the same in green and red. So if you see a candle, color. Let's make it green for you for a minute. Let's say it I know? That brother opened from here, closed here, this was
my high and this was my low and if I have a candle that is red in color, then what do I know open up and closed down and low will be down and high will be
known. The candle is done. Now we know the candle. Here I said four things. Number one, when we trade price action, you all
I see that everyone has a different way of analyzing price action. one trader's view can be bullish in the market, one can be bearish
So before I see this, I do it myself. You can do it if you want. view. To take a market view, we see two things. One we see what
global market. I do this, you can do it if you want. So we will first go to Google to take a view and go to Google and write
index. You have a website of money control for example. Open view. See why is this view important? What is happening in the
is not different from the whole world. So I am taking a view nines are on the rise. So buying and selling it and individual red, red. Somewhere
difference of how many points are 220 0:10:08,610 --> 0:10:03,949 stocks and futures, it like it is getting all 224 0:10:15,873 --> 0:10:13,620 does not get too much void of any stocks. below the four bars points will come because 230 0:10:23,170 --> 0:10:20,580 market to increase. It will not happen that the move of 200-250
it is broken here. So this is also one view. What is my way of you right now. So I see the market's PCR. So what are we going
If you want, you can use the same software. So this is what I the screen. Here is the auto-render software which I use. So
especially in Nifty, Bank Nifty, it is good to take a view. So and we will do this option chain analysis further in this training. PCR here. What is PCR? It is a foot call ratio. You just have
than 1, then the chances of the market going up are more and chances of the market falling are more. Sometimes you can see you in short, we will talk about the details later. So you are
So I got a view that I do not want to sell in the market. What do not want to sell. It is important to make a view. Now looking
I thought the market is broken. Our PCR is up. Today, basically, video on Thursday. On Thursdays, the market is mostly sideways. will go up a little, then it will come down, it will go up. You
the bottom. So I will tell you Thursdays, which strategy I use. I will show you exactly how I trade on Thursdays because I feel days to make money. Now anyway, what happened to me, my view
the global market, I feel that the market is not going to go that the PCR is positive. Our market will go up a little. In a game. Sometimes people wake up in the morning and see the Nasdaq.
is broken. So today our market will also break, but it is not Because it is possible that you are seeing that the global market of that should not be seen today, but tomorrow, because today
I don't know, maybe for beginners, I don't know what I am saying. it has started very early for you, but this is important. You even after the global market breaks, our market can grow, but
it not grow much? I said that the move of 200-250 points cannot the move that you want to come. So now I will not mix many things. price action. So what happened to a view here, my view was contradicted
is broken. I feel that the market will not go very high, but not sell. Looking at the PCR, I will not take any such trade will break because the market will not break. So the probability
has increased. You do iron condors, I do. Let's continue from market had increased and the PCR was also positive, then there
come that the market will be bullish today. So I can do trend that the market I see today is not of trend trading for me. So
that trend today. I did not get the direction just by looking the direction by looking at the price action. So how does the at the price action? Now let's come to that. So what you have
you have to catch the trend. Now ultimately what I said, the The PCR says that the market will increase. So let's see what Now looking at the global
market, most people look at the global market, look at SGX Nifty, S&P 500. They will think that the market is broken. Let's sell that the market goes up and they lose. So now we start. We are
action. We have not put any indicator yet. So now first of all, market. Now here, you have not done any analysis. You just come the market. You saw that the market started from here. After
came down, went up, then came down, then went up, then came down. is important. You are seeing that when the price started in the
it opened from here. After that, the market made a high, made the market made another high, then made a low. But what is important
low that was made, it did not even reach the previous low. So soon as you get a higher low, your price goes up again. Then
you get a low and it is higher than the previous low. When you get higher lows twice, then you is in uptrend. So what is the trend? The trend is uptrend. The
you see the sign of reversal. So now if you connect the lows, Now to take this trend, you can simply plot a trend line. So
you need to know. You connected the lows and you have a trend you that the price that goes in a trend, it takes support on
will try to come around its trend line again and again. If our it can be a sign of a reversal, but at that time we also have
I have opened the index chart. You will not see volume on the indicator and write volume, then you will not get volume on the the upstox account here, so you will check the volume on futures.
much difference on futures and your index. There is a difference futures are also running according to the index. So here you now as soon as you have put the volume indicator, then you can
can see the volumes below. So why was it important? Why did I as I plot a trend line, if I take a line by adding two lows, line. Let's leave it like this. Now let's assume that our trend
our support. Now if the price goes down and breaks the trend to see how much volume is below. If I see a big volume, then
that a reversal can come from here. So that is important. So should see the volume on futures. Now if you are on the index,
action on both. Now what else do I have to see? First I told after that, you have to see support and resistance. So one is
now. Now after the trend line, what else do you want? Support we have taken the horizontal line for now. Now what I have to swing come? Swing means that from where the price went down instead
a big move came, but in this area, the price got rejection somewhere. up, it fell down. So we call it the last swing. Now where the
that this resistance happened. One support is giving me a trend support and resistance. You see, support and resistance, I always a zone, so you will take a rectangle, it is better. People take
is a basic tool. Now here, the price is getting rejection again But has my price come in the downtrend? No, it has got rejection. simple price action, where will it take support? First of all,
line. It can go up and down a little by coming near the trend trend line? We connected two lows for now. When I came and saw
Now, here, it has support here, okay, support is made and now Now, in the coming time, we will also talk about chart patterns.
is going up and down again and again, it is coming up on the I don't know if you are seeing any pattern or not. We will move tell you today, some people will feel that it is happening more,
it can go up a little and there is an expectation that there will be resistance here, it may go down again. But
well in front of you. So number one, I saw the trend. The second here. Now, for today, if I plot a horizontal line near it, what
price? If the price breaks the trend line from here, then how is the swing? You were falling from here, but it started rising simple. Plot a horizontal line. So if the price breaks our trend
a support. I have taken, I said there is always a zone, so it can go up
this area, there is also support here. See here also, the price so if the price is reacting on the same zone many times, then is the psychology, where it is getting rejection, there are sellers 450 0:20:21,500 --> 0:20:04,070 can bounce back again by coming on support. The second support,
price is reaching there, someone is booking a profit. I will here. I will book my profit by coming here. I will cut my deal. happening, red candles are being made again and again. But the
are also made. That is the third point, I will come to the third seeing here is that I have a good support. Buyers are sitting starts to fall, then the buyer will say that it will come down.
I had to buy it. If it falls down, I will buy it again. If it it again. So the buyer is sitting to buy, the seller is sitting is found from the price action. Now if I say what is the support
price falls from here, then what happens, I told you that if then the second support will go and if he breaks the first resistance, the price get support again.
then it will try to come here. So you are simply trading the price action, no indicators, If the price starts to rise, then the breakout comes from here,
the top, then what will happen after that, the price will try got resistance many times at this price. So here the resistance is there, then if the price breaks its resistance here, then
to its second resistance and if it breaks here, it will go to price action. Now next why will it go, because when the price
swing, then after that many people say that it will increase, when money is put, the market goes up. Now what do we have to in the third price action, I said that make a candle pattern.
of some candle sticks? Know. Now what is the price falling for a candle like this at the bottom of the chart, then what does is red or green, it tries to tell that the price went down, but
back. So who gave the power, the buyers gave the power. You can call it a hammer. Okay, there should be double shadow from your This is the rule. So here the body has a double shadow, the body
that it is a hammer. If the hammer is made, the price will go stop loss below this. Okay, so what happened to us, the third is the candle sticks. Some candle sticks are visible, some candle
a pattern, so here you see a good hammer. Now I am not going because you will be confused, but you should know that this happens is whenever you see a chart, some pattern is formed. For example,
here. Now see what happens, the price went up and came down, This is made twice top by the price. When the top is made twice,
This pattern is called double top. I traded this double top pattern the double top is made, then what do we need basically, we need the neckline breaks, you can take an entry immediately after
your target is basically the difference between the neckline difference is generally found. So how do I know this because because the price makes patterns again and again. We said that
So if you have a little understanding about chart patterns, then is simple price action. Now you see that the price has not come is rotating in the same zone. Now if the volume comes down, then
the volume. If the volume does not come, then it can be a false more. It can consolidate the market. Now all this that is happening
is that many of you trade in options. It is not required that Options were used for hedging, but today people use it for speculation
expiry, like today is Thursday, so today is the expiry. If the a range, then people will have a loss in buying. So you can trade
options. So these things we will tell you in this training because is the focus. How much profit will be, this is the second chapter.
go. I will be able to trade only when I have capital. What I so I will trade. So you guys come in the starting and don't think or ten times. You think first, whatever is there, it will go.
this is the basic price action. Now these candlestick patterns, as you give time to the market, you will learn. If you see the
know that this pattern is made. This is a candlestick that you you are going to give, the more accurate you are going to be. while looking at a chart, what is being made, people do not know.
I was telling you that if you are new and you are holding the to trade. Wrong instrument is also important. Someone has seen in buying, I will only do buying. You have to trade according
risk to reward ratio. It may be that your stop loss is hit. There stop loss. The problem is that you just think that one day I
recover the loss and leave the market and you trade to recover make a lot of money today, so I am going to trade. If the trade to trade. If the trade is not made, then you do not have to trade.
will be more clear with experience and time. Now see here, if where did the price come and get support? You can see on the got support, the price went up from here. So now you have understood
have you understood four things? Number one, you have to see against the trend. You will lose money if you trade against the important, which instrument are you using to trade? So if you
you are doing futures, buying options, selling options, what that the market has more volatility, you can buy, but the day
more likely to be lost and there are not many sharp movements use some other instruments instead of buying. After that, I told and resistance. It is super easy. After that, you will have to
patterns and chart patterns. If you learn this, you will understand now you give some time. You can also do paper trade in the starting
increases, your profits will increase. Now today you are thinking and chart patterns, but I tell you this thing. Give some time a proper training on candlesticks and chart patterns. So I hope
for today. How did you like the video? You can definitely tell have any questions, you can also ask questions in the comments. share this video so that more people can get help through this
in this way, if you do not have a Demat account yet, then you in the description and comment box. You can go for free and open there is no lifetime maintenance charges. So it is a discount
little brokerage. So you can definitely open a free account on render, I will put the link of auto render in the description see simply PCR. When you go to this auto render software, see
will look like this. You can see the derivative here. Nifty and you see Nifty here, you can see PCR in Nifty. Here you are getting and also in 5 minutes. If you are seeing significantly that PCR
to trade on the opposite side by mistake because you always have are in the market, operators are in the market and their movement So this is an important thing, that's why I told you. Similarly,
in Nifty and you saw PCR, then it can be harmful because as soon PCR is showing selling. So selling is coming in your Bank Nifty. below and here PCR is clearly telling you that this is a negative
buy by seeing Nifty's PCR. So this is important. It is important instrument you trade, for example, we were seeing Nifty here.
Bank Nifty, I will also take Bank Nifty. So,
This is so good sideways, sellers can understand this, the iron so they can understand this is a very good market to make money,
not come, option buyers cannot make money, they will lose money, 671 0:30:19,120 --> 0:30:04,725 you can see Bank Nifty, so you can't see the price going up in important to understand, this gives me a view that I do not want
if the PCR is negative and you want to buy, don't do it, it can is a lot of very useful from stock analysis to
commodity, so give your time and learn this price action today, today, I hope this information was valuable and I will see you then you go self-made!