What are the pro / cons of technical analysis?

[Annesh]

Technical analysis looks at a chart of a stock’s price movements, looking for patterns to determine future movements in the stock

Pros
•    Patterns in price and volume can help us identify trends. They can also find price levels where investors tend to buy or sell.
•    This analysis goes quickly once we know and understand the indicators we want to use.
•    Technical analysis can help you rationalize the price you are paying.
Cons
•    There are number of different indicators out there. It is tough to find the ones that are most effective .

[Aruna]

Pro

Having many patterns & theory (follow market) to trade

Cons

Accuracy is less compared to fundamental

[monish kumar]

pros: its input is just price and volume which is very powerful and transparent for everyone.so retailers can trade with confident.

cons:must spend more time to get more profit

[Maruti Patil]

Pros: Input data is readily available.
Can predict the market sentiment.
Cons: Predictable only for short term, cannot out perform the company.

[Shantanu]

Pros: It follows the current market trends and can be used by any layman trader as the only inputs to be used are Price and Volume of the stocks

Cons: higher risks involved as compared to Fundamental Analysis.

[Author]

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