Respected sir,
I am confused with the fact about the technical analysis as i mentioned in above heading that wether technical analysis give some positive results like earnings, wealth creation or it is just an illusion?
I am in such position because while Sanjay sir was taking class on technical analysis in CA Final as well as in CFA level 1 he said that one should not jump into the market once he/she have done class on technical analysis. Further sir stated that in India markets are weekly efficient and hence technical analysis will not provide you the desired result. For earning in market one should do fundamental analysis and adopt the top to bottom or reverse approach.
But there are many courses available online and videos on YouTube by many person where the protanganist say that the purchaser of course/ viewers of video can earn through charts using technical analysis. Though fundamental analysis is best but small and part time invetors don’t have such tools and time to study that is required in fundamental analysis . So better to use technical analysis as price incorporates every new change with support of volume of trade. This is the opposite view.
Kindly clarify what the exact secnerio is and what one should do. Also i want to know when Sanjay sir gives opinion on the market that what might be the upcoming position of market in the upcoming day, what study he does like what factors sir takes in consideration while forming an opinion regarding the market position in upcoming days? As whenever i read the market view given by sir, sir uses the price and volume part also along with different news.
listen to the audio for detailed explanation by Sanjay Sir