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.