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Does technical analysis really work?

I don’t know why this doubt arises,

but it is my responsibility to clarify your doubt as a Technical analyst.

  • First thing is, if anyone want to became a trader then they should learn about technical analysis.

  • Once they learnt about technical analysis, then they can confidently trade on any stock, it may be commodity, currency or equity or future and options.

  • You will know when to enter and when to exit.

  • It is not a kind of prediction, it is a reality. But still most of them are failed even after learning technical analysis, because they will choose 60 rupee valued stock and they will keep target for 65 rupee in a single day.

  • It is completely wrong approach, here you can keep .50 paise or 1 rupee as a profit.

  • You may think how much i will earn if i keep only .50 paise for one share.

  • If you are choosing 60 rs stock, you are keeping .50 paise but if it is 150 rupee stock you have to keep 1 rupee profit.

  • Here the risk is very less, because if you strongly know that the stock will go up, then you can buy and keep 1 or .50 paise profit.

  • Here, you want more profit right? then you have to buy 2000 or 5000 stocks in single lot and sell it, this profit is more than enough right?

  • Simply keeping profit of 4 rupees and stop loss of 2 rupees doesn’t makes sense here.

  • We have to take some profit that too with minimum risk right?

  • I use to trade like the above one, but will trade in 5 to 6 companies daily.

Getting enough profit, thanks to technical analysis.

Thanx for reading🙂

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Praveen Maxter

Praveen Maxter

An Intraday trader with 6 years of experience.

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