CRITICS OF TECHNICAL ANALYSIS SAY:

• No one or group of trading rules seems to work consistently.

• Some prices moves are self-fulfilling because so many chartist trades on breakouts–
often are temporary.
• Most of the trading rules require a great deal of subjective judgment.

When price volatility goes down technical profits may also fall.
Technical Analysis also happens to break one major jinx of fundament
analysis as it gives an exact price target and answers many questions like,
• When to enter the market?
• Whether to buy or sell?
• If buy/ sell then at what prices?
• How much should be the profit objective?
• Where should one place a stop loss?

Owing to all the above mentioned factors it could safely be

concluded that Technical Analysis is one of the better tools for price
forecasting. And into day’s rapidly changing world investors look for short
time returns which could better be achieved only by a superior price forecasting system and in
this case using Technical Analysis.