Don’t use a dial indicator. It will scratch the rim and you absolutely don;t need that level of precision. Most factory workshop manuals specify a maximum allowable runout of 2mm. (And that includes my Honda VFR800 sportbike with a 240kmh top speed.) YOu can see that by eye with a simple pointer.
I use a homemade truing stand made from two planks of wood stood upright on a base, with a V notch cut into top of each plank to hold the axle. Then a piece of wire or scriber or old spoke is held to one of the uprights with a wodge of blue tack to provide a reading on “truth” by observing the gap as wheel is slowly rotated.
It takes a bit of practice and a lot of patience to true a wheel. You need to true it in both directions, side to side “wobble” and concentric runout. The latter is best measured on the inner shoulder of the rim where the tyre bead actually seats, as the outer flange can get distorted by tyre levers and bumps etc over the years.
I always take the tyre off so I can b e sure not to puncture the tube with rotating nipples. And use a proper spoke wrench to avoid rounding off the flats.
Not a dark art. Just takes time and a methodical approach. As Diogenes says, plenty of videos on YouTube etc worth watching.
And before you start, spin the wheel in the bike to make sure it is actually out of true and not just out of balance, which can cause lumpy feeling too. And tap the spokes with a screwdriver and listen to the note to find if you have loose spokes that give a dull thunk instead of a twang.