SUMMER INTERNSHIP PROGRAM
PROPOSAL SUBMISSION
NAME: Krushi Gandhi
ENROLLMENT NO: 24BSP0968
IBS CAMPUS: Mumbai
MOBLIE NO: 9409012830
EMAIL ID: krushi.gandhi24@[Link]
Internship Proposed:
Research on Indicators & Technical Patterns (Technical Analysis)
Description in brief:
Professional Introduction:
I am currently intern at Finanza Solutions Pvt. Ltd. in a finance role, where I focus on
Research on Equity market, Gain knowledge in Technical analysis, where I analyze market
trends, study price patterns, and apply various technical indicators to identify profitable trading
opportunities. This involves conducting detailed chart analysis, backtesting strategies, and
utilizing technical tools to make informed financial decisions.
1. Candlestick Patterns:
I have extensively studied all types of candlestick patterns, including:
Reversal Patterns (e.g., Doji, Hammer, Engulfing)
Continuation Patterns (e.g., Rising Three Methods, Falling Three Methods)
Indecision Patterns (e.g., Spinning Top, Long-legged Doji)
This knowledge has provided insights into market sentiment, momentum shifts, and potential
entry/exit points.
2. Chart Patterns:
Explored various chart patterns to identify trend continuation and reversal signals. Key patterns
include:
Reversal Patterns (e.g., Head & Shoulders, Double Top/Bottom)
Continuation Patterns (e.g., Triangles, Flags, Pennants)
Bilateral Patterns (e.g., Symmetrical Triangles)
3. Time Zone Analysis in Trading:
Recognized the significance of different time zones in trading and investment:
Opening Sessions,
Volatility Spikes during key market openings and economic announcements
Timeframe Strategies for intraday, swing, and positional trading
4. Support & Resistance Mastery:
Gained in-depth knowledge of identifying and applying support and resistance levels for
strategic decision-making. This includes:
Dynamic support/resistance using moving averages
Psychological price levels
Historical price zones acting as key market barriers
5. Back testing:
Select a stock,index (e.g., Polycab, Nifty50) for back testing.
Apply each indicator to the selected timeframe (preferably for 10 years).
Record success rates, false signals, and overall profitability.
6. Analysis & Conclusion
Identify the 10 most effective indicators in bullish, bearish, and sideways markets. Identify
indicators is for buy or sell prediction, check different timeframes in stock.
Combine indicators for better accuracy.(e.g., RSI + MACD or EMA + ADX).
OBJECTIVE:
To conduct comprehensive research on technical analysis indicators and chart patterns to
enhance trading strategies by:
1. Mastering Candlestick Patterns:
Analyzing reversal, continuation, and indecision patterns to identify market sentiment and
improve entry/exit decisions.
[Link] Chart Patterns in real markets:
Studying key reversal, continuation, and bilateral patterns to predict trend direction and
potential breakout points.
[Link] Time Zone Impact:
Evaluating the influence of global market sessions on price action, volatility spikes, and optimal
trading windows.
[Link] Support & Resistance Strategies:
Implementing static and dynamic support/resistance techniques to improve trade execution
and risk management.
[Link] in Real markets:
I have to trade in Equity & derivatives markets and make profit from it.
6. Conducting Extensive Back testing:
Testing 10 selected indicators on historical data (over a 10-year period) to assess their
reliability, accuracy, and profitability across various market conditions.
7. Formulating Actionable Insights:
Identifying effective indicators for bullish, bearish, and sideways markets, along with ideal
timeframes for each.
Combining complementary indicators to improve signal accuracy and reduce false alerts.
Methodology:
[Link] & Data Collection: Study 10 key indicators, candlestick patterns, and chart
patterns. Analyze global market session impacts.
2. Indicator Selection: Identify 10 diverse indicators suited for bullish, bearish, and sideways
markets.
3. Data Preparation: Source 10 years of historical data for stocks like Nifty50 and Polycab.
4. Back testing: Test indicators across multiple timeframes, recording success rates, risk-
reward ratios, and accuracy.
5. Analysis & Evaluation: Identify optimal indicator settings, effective 6
combinations, and suitable timeframes.
6. Conclusion & Recommendations: Rank indicators based on performance and provide
actionable insights.
7. Documentation & Presentation: Summarize findings with clear visual aids for effective
communication.
Schedule:
Phase 1: Research & Preparation (Weeks 1 - 4)
Research on Candlestick type & patterns,
Research on Chart type & patterns,
Gain knowledge on Support & Resistance,
Indicator Selection & Categorization.
Phase 2: Back testing & Analysis (Weeks 5 - 9)
Trends & Trend Analysis,
Trading Strategies & Risk Management,
Market Structure & Order Flow,
Back testing Framework Setup,
Conduct Back testing.
Phase 3: Conclusion & Presentation (Weeks 10 - 12)
Tread in real markets
Data Analysis,
Evaluation & Insights,
Formulate Conclusions,
Report Preparation.
Limitation of the study:
1. Market Dynamics: Past performance does not guarantee future results due to evolving
market conditions, economic shifts, and geopolitical factors.
[Link] Accuracy: Historical data inconsistencies or gaps may impact back testing outcomes.
3. Indicator Lag: Some indicators may lag during volatile markets, leading to delayed signals.
4. Timeframe Constraints: Results may differ across various timeframes, requiring adaptive
strategies.
5. Psychological Factors: Emotional decision-making in live markets may differ from back
tested conditions.
Faculty Guide Name: Dr. Priyanka M Dhingra
Company Guide Name: Nishit Agrawal.
