About Foram Chheda, CMT
Where discipline
meets
conviction.
Foram Chheda, CMT is a SEBI-registered Technical Research Analyst and the founder of ChartAnalytics — an independent research firm delivering institutional-quality technical analysis on Indian and US equities, international ETFs, DFM, and ADX.
"A chart, read with discipline and without agenda, tells you everything the market is prepared to reveal."
Foram Chheda, CMT is a Technical Research Analyst with a decade and a half of experience across Indian equities, commodities, and derivatives. She is a CMT Charterholder — one of the most rigorous designations in the global discipline of technical analysis — and is a graduate in Commerce from the University of Mumbai.
Her research philosophy is built on classical technical analysis applied within a top-down framework — beginning with the macro and intermarket environment, moving through sector analysis, and arriving at individual stock selection when the broader evidence supports it. This structured approach, combined with rigorous cross-asset study, forms the foundation of every research output at ChartAnalytics.
Foram is a sought-after market commentator, regularly featured on ET Now, CNBC Bazar, Gulf News, and ET Markets LIVE. Her real-time, data-driven perspective has earned the trust of investors across India and the UAE who require independent analysis over institutional consensus.
Career Journey
A decade of markets,
built from the ground up.
Foram's career spans a decade and a half across advisory, research, and institutional trading — each role deepening the technical and strategic foundation that ChartAnalytics is built on today.
Early Career
Relationship Manager, Advisory
Foram began her career as a Relationship Manager at a financial advisory firm — building the client-facing foundation and market context that informs the practitioner's perspective she brings to her research today.
Research Transition
Technical Analyst — Equity & Derivatives Research
Moving into dedicated research, Foram developed her core technical analysis practice across Indian equities and derivatives — conducting in-depth studies, building coverage frameworks, and refining the discipline of chart-based investment research.
Institutional Experience
Head of Trading, Alternative Investment Fund
Before founding ChartAnalytics, Foram led the trading department at an Alternative Investment Fund — a role that required not just analytical precision but institutional-grade decision-making under real market conditions. This experience directly shapes the rigour and accountability embedded in ChartAnalytics research.
Founded 2022
Founder, ChartAnalytics
In 2022, Foram founded ChartAnalytics with a singular conviction: that independent, unconflicted technical research — free of brokerage affiliations or product mandates — could consistently serve serious investors better than anything the institutional market offered. The firm is SEBI-registered and serves HNIs, NRIs, and professional investors across India and the UAE.
Areas of Specialisation
What Foram
does best.
A practitioner's command across the full stack of classical technical analysis — from macro framework to stock selection.
Classical Technical Analysis
Deep study of price action, volume, chart patterns, and market structure — applied with the rigour of a CMT Charterholder and the instinct of a decade-and-a-half-long practitioner.
Top-Down Research Framework
Macro and intermarket environment first, sector and index analysis second, individual stock selection third. Every research output flows through this structured hierarchy — reducing noise, improving conviction.
Intermarket & Cross-Asset Analysis
Understanding the relationships between equities, bonds, currencies, and commodities — and reading how capital flows across asset classes and geographies — to anticipate sector rotation and market inflection points.
Portfolio Construction & Advisory
Constructing and advising on portfolios through a rigorous technical lens — applying relative strength analysis, position sizing discipline, and entry/exit precision to build portfolios designed to generate alpha and outperform benchmarks across market cycles.
Derivatives Analysis
Integrating F&O data, open interest analysis, and derivatives structure into the broader technical picture — adding precision to market direction calls and positioning insights for sophisticated investors.
Professional Affiliations
Active in the global
technical analysis community.
The CMT Charter — Chartered Market Technician — is one of the most comprehensive and rigorous designations in the global discipline of technical analysis. Foram earned her CMT Charter through the CMT Association, USA (formerly the MTA), and remains an active member of the global technical analysis community.
Beyond holding the designation, Foram contributes to the profession as a Subject Matter Expert (SME) for the CMT Association and is a regular contributor to the CMT Association's monthly newsletter — sharing research insights and analytical perspectives with a global audience of market technicians.
Education
Academic
foundations.
Get in Touch
Speak directly
with Foram.
Whether you are evaluating a research subscription or exploring a bespoke advisory arrangement — schedule a direct conversation.
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