Importance of technical analysis in a fundamental buy
Always remember that in a long term investment strategy, fundamentals determine the price range with in which a scrip is classified as buy or sell. But technicals determine the best point of time to execute this buy or sell decision whitin the stipulated range, so as to reap the maximum potential of the trading decision minimisng the loses.
Importance of Co-relation of technicals of a scrip and the index
Before making a technical buy on a fundamental stock always check whether the technicals of the stock co-incide with the technicals of the index.
