Books Recommendations

Hi,

I am getting a lot of queries regarding the books I have gone through & may help all of you as a beginner in Technical Analysis. So here is the list I am posting section-wise:

For Basics of Technical Analysis (in a layman language):

1. Module No. 2 on Technical analysis by Zerodha Varsity - it sums up everything from candlesticks to support/resistance to a few basic indicators

2. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy

After going through the above books, you will come to know what are the topics that appeal to you the maximum and you feel the need to dig deeper. Here are the books section-wise:

Must Read basics (this is the basic thrust to lift your airplane from the runway). Don’t take off without reading these:

• Market Wizard series by Sir Jack D. Schwager

• Unknown Market Wizards by Sir Jack D. Schwager

• How to make money in Stocks by Sir William J O’Neil

• The Rule: How I Beat the Odds in the Markets and in Life - and how you can too by Sir Larry Hite - the closest to my heart

On Candlesticks:

• The Candlesticks Course by Steve Nison (this is enough and comprehensive)

On Chart patterns:

• Encyclopedia of Chart Patterns by Thomas N. Bulkowski

• Technical Analysis and Stock Market Profits by Richard Schabacker

• Technical Analysis of Stock Trends by Robert D. Edwards, John Magee & W.H.C. Bassetti

• How charts help you in the Stock Market by William L. Jiler

On Trend-following & Rule-based trading:

• Trend Following by Michael W. Covel

• The Complete Turtle Trader by Michael W. Covel

• Way of the Turtle by Curtis M. Faith

Learning from the Legends:

• How to Trade in Stocks by Sir Jessie Livermore

• Think & Trade Like a Champion by Sir Mark Minervini

• Trade Like a Stock Market Wizard by Sir Mark Minervini

• Secrets for Profiting in Bull & Bear Markets by Sir Stan Weinstein

• How to make money in stocks by Sir William J O’ Neil (already covered before also)

• Studies in Tape Reading by Sir Richard Demille Wyckoff

• Reminiscences of a Stock Operator by Edwin LeFevre

• Momentum Masters - A roundtable interview with Super Traders

On trading psychology:

• Trading Psychology by Mark Douglas

• Mindset Secrets for Winning by Sir Mark Minervini

• Market Wizards Series by Sir Jack Schwager

On Point and Figure Charting:

• Point & figure Charting by Thomas J. Dorsey

• Trading the Markets the Point & Figure Way by Prashant Shah

On Relative Strength:

• Superperformance Stocks by Richard Love

• The Relative Strength Concept of Common Common Stock Price Forecasting by Robert A. Levy (PhD)

• Research Paper “Returns to Buying Winners & Selling Losers: Implication for Stock Market efficiency” by Professor Narasimhan Jegadessh & Sheridan Titman (The Journal of Finance, Vol. 48, no. 1, March 1993)

• Research Paper “Relative Strength as a criterion for Investment Selection” by Robert A. Levy (Ph.D.) Journal of Finance, Vol. 22, Issue 4, (Dec. 1967)

• Research Paper “Relative Strength Strategies for Investing” by Mebane T. Faber April 2010

• Outperforming the Markets using Relative Strength & Breadth Analysis by Prashant Shah

If you are interested in reading further and intend to build your system or dig deeper into the detailed nuances:

• Applied Equity Analysis & Portfolio Management by Robert A. Weigand, Ph.D.

• Evidence-Based Technical Analysis by David Aronson

• Intermarket Trading Strategies by Markos Katsanos

• Trading Systems & Methods by Perry J. Kaufman

• Technical Analysis: The complete resource for Financial Market Technicians by Charles D. Kirkpatrick & Julie R. Dahlquist

• The Handbook of Technical Analysis by Mark Andrew Lim

• Being Right or Making Money by Ned Davis

This sums up my top selection picks for you section-wise. Despite the above list, if you feel you have enough capacity to reach the saturation level, may please DM me on Twitter.

Happy learning :)

My Twitter profile: https://twitter.com/charts_zone