Investors come to the stock market and buy
and sell the stocks eyeing the future. The future valuations
they arrive at by either calculating the fundamental factors
on the basis of technical they take their positions. In the
short term it is always the technical factors that is demand and
supply of the stock which gives us the directions of the
movement of the stock.
Here for the reference of this side, we finds that people who
come here have a more short term view of the market. They
predict the short term movement of the market, technical analyst
gives better results hence, we follow all the standard technical
There are two advantages in the following technicals firstly, it
tells us where the share/market is moving up or down. Secondly,
technicals are not bothered about the fundamentals or the news (
it overrides them).
In technicals we are only concerned with price charts and
volumes. We believe that at any given point of time, a stock
price reflects everything.