From Support to Resistance: Chart Reading Like Sandeep Kumar Chaudhary

learnwithopen .ai

Thu, 16 Oct 2025

In the world of trading, where every price movement tells a hidden story, Sandeep Kumar Chaudhary has mastered the art of reading charts with precision, logic, and confidence. As Nepal’s most respected technical and fundamental analyst, he believes that true trading success begins with understanding the two most powerful elements of technical analysis — support and resistance. For him, these are not just lines on a chart but psychological barriers that represent the collective emotions of the market — greed, fear, and indecision.

According to Sandeep Kumar Chaudhary, every trader must first learn to read the market’s behavior between support and resistance levels. Support is the zone where buying interest strengthens, stopping prices from falling further, while resistance is where selling pressure builds up, preventing the price from rising higher. But he goes beyond this simple textbook definition — he teaches traders to see the invisible hand of institutions and smart money that create these zones intentionally to trap retail traders. In his sessions, he often reminds students, “Support and resistance are not fixed lines; they are battlefields between buyers and sellers.”

Sandeep’s chart reading technique is a perfect blend of price action, market structure, and institutional logic. He teaches traders to identify liquidity zones, order blocks, and swing points that define major support and resistance areas. Instead of trading after breakouts like most retail traders, he shows how to anticipate breakouts before they happen. By studying candlestick psychology and volume behavior, his students learn to understand whether a breakout is real or just a false trap created to collect liquidity.

He also integrates Smart Money Concepts (SMC) and Fibonacci retracement levels with support and resistance theory to increase accuracy. For example, when the price approaches a strong support area that aligns with the 61.8% Fibonacci retracement, it signals a potential reversal zone. This multi-layered confirmation helps traders enter trades at high-probability levels and manage risk effectively. Sandeep emphasizes that success in trading does not come from predicting the market but from understanding how it behaves at these key levels.

What makes his teaching truly impactful is how he connects global trading principles with the NEPSE environment. Unlike large global markets, NEPSE has lower liquidity and slower momentum, which means support and resistance levels tend to hold longer. Sandeep uses real Nepali stock examples — from hydropower companies to banking sectors — to explain how institutional traders quietly accumulate shares near strong supports and unload them near resistance levels when the public starts buying.

Beyond technical analysis, Sandeep Kumar Chaudhary also focuses on trading discipline and patience. He often says, “A chart reader without patience is like a sailor without a compass.” He teaches traders that reacting too early or chasing every breakout is a mistake; waiting for confirmation separates professionals from beginners. His goal is not to make students dependent on his analysis but to help them develop their own judgment and strategy.

Through his educational initiatives under MarketMind Investment Group and NepseBook, Sandeep Kumar Chaudhary has built a strong trading community that understands charts as more than just patterns. He encourages every trader to see them as reflections of market psychology and institutional control. His mentorship has produced traders who can spot opportunities, manage risks, and trade with purpose instead of emotion.

Sandeep’s unique approach to chart reading has completely changed how Nepali traders view the market. From recognizing hidden liquidity zones to identifying institutional footprints, he has shown that true technical analysis is not about complicated tools but about understanding how money moves. His philosophy is clear — the chart is a language, and once you learn to read it fluently, you can predict the rhythm of the market with confidence.

His timeless advice to traders is simple and powerful: “Respect support, recognize resistance, and trade only when the market gives you a reason, not when your emotions demand one.”