In the short term like everything else , price of an equity is determined by demand and supply . Technical Analysis factors in volume date and thus endeavour to predict future price movements based on demand and supply .
Human beings are a bundle of emotions . Our behavioural biases affects our trading patterns . Technical analysis by having clear buy sell signals endeavours to minimize the impact of our own emotions.
Technical Analysis helps traders to control losses and book profits by having a predetermined trading plan.
The information on this site is strictly the author's opinion. It does NOT constitute financial, legal, or other advice of any kind. You should consult with a certified adviser for advice to your specific circumstances.