My answer to If stock price movement is random, how can technical analysis help in providing profits from trading?
Answer by Ruchir Gupta:
The stock prices are not random and they are being governed by the planetary movement.who was the Richest Trader in 1930–50s used Planets and Astro effects for predicting the moves in the market. I was fortunate to learn his methods and I have tested that these methods work by myself.
The Price movement may be random, if the stock is less traded or has low volumes of trading. Even with in the Randomness of the stock price there is a pattern and if this pattern could be identified, some serious money could be made. Elliott wave is one such study, which adjusts these patterns and fits them to predict the bigger picture.
Also, I must say some thing that Technical Analysis alone is not sufficient you need to mix it with proper money management to gain profits from trading. People sometimes very good in Technical Analysis might fail if their money management is not good. So Technical Analysis can tell that this stock is about to reverse but booking profit at proper levels is necessary which comes with money management. Also, every Technical Analysis method is 100% and this drawback could only be handled with money management.