NCFM Technical Analysis study guide
NCFM Technical Analysis · Work through your exam, one topic at a time.
The NCFM Technical Analysis module is one of the self-study certification modules offered under NCFM (NSE Certification in Financial Markets), a programme administered by NAL Academy Limited (formerly known as NSE Academy Limited), an NSE group company. Candidates register through the NCFM process and take the test online through the NCFM portal, which the exchange describes as the portal for online testing and certification programmes offered by NAL Academy. The NCFM Technical Analysis study guide has 7 sections and about 2,441 words.
01Basics of Technical Analysis
The Basics domain checks whether you understand the assumptions behind technical analysis and can read a price chart without importing fundamental narratives. NCFM-style questions often ask which assumption justifies ignoring news, how chart types differ, and how Dow theory defines a trend.
358 words, about 2 min02Charting and Chart Patterns
Charting questions test whether you can classify a formation, define its confirmation point, and project a measured target. You must also distinguish reversal from continuation patterns and know the role of volume.
329 words, about 2 min03Trend Lines
Trend-line questions check whether you can anchor a line to meaningful swing points, judge its validity and use a break without confusing it with a full trend reversal. An uptrend line joins two rising swing lows; a downtrend line joins two falling swing highs.
369 words, about 2 min04Support and Resistance
This domain tests whether you can identify price zones where supply and demand have previously changed hands, and how to trade tests, breakouts and retests. Support is a zone where buying has previously absorbed selling; resistance is a zone where selling has absorbed buying.
329 words, about 2 min05Moving Averages and Indicators
This section tests calculation logic and interpretation of trend-following indicators: simple and exponential moving averages, crossovers, MACD, Bollinger Bands, ADX and ATR. You need to know what each indicator measures and what it cannot measure.
353 words, about 2 min06Oscillators and Momentum Studies
Oscillator questions test bounded indicators, centreline behaviour, divergence and the difference between momentum and trend. Expect RSI, stochastic, ROC, CCI and Williams %R.
343 words, about 2 min07Trading Systems and Money Management
This domain tests whether you can turn a chart idea into a repeatable system and size positions so that no single loss is fatal. Expect expectancy, risk per trade, stop placement, drawdown and backtest bias.
360 words, about 2 min