Saturday, December 12, 2009

Victory for Technical Analysis

I was participating in the Bulls Eye contest on CNBC for the last five days. Two other contestants were followers of the fundamental analysis school. My stocks did better, leading to my win. But, this is really a win for the technical analysis community in India - technical traders as well as technical analysts. Technical Analysis is getting its due share in the advanced economies - USA, Canada, Europe, Australia, Japan, HongKong ..... In India, Technical Analysis will get its due recognition, sooner or later.

Ttechnical analysis is the study of markets through the use of market psychology. It is an art as well as a science. The study is useful for all time frames, for all traded asset classes. It is more focussed than fundamental analysis, and, certainly easier to apply.

4 comments:

Swingtradingideas said...

Dear Sir,

Kudos to you. You are doing a great service for the benifit of all Techical Analyst . We are learning a lot from you and always apperecitae you for this . Thank you once gain . We hope to learn a lot from you in near future

men said...

Congratulations Mr. Sudarshan, it was a pity I did not get to see this because of regular power cuts here. Could you please make out a small p/f for us to invest in over the next 1-2 years. Please help as most are confused.

Ankurbbhatt said...

There's no doubt Sudarshan , for short term the tech. analysis is the winner but I guess warren Buffet doesn't even know tech. analysis. I think you would agree with me. Neverthless, you deserve the victory....keep it up...

gourv said...

Hello Sir,

Congrats on winning.wish u all the best for your future.


Regards
Gourav