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The volume of shares traded is quite low when compared to developed markets. Also there is certain level of ambiguity in the market.
So if you could make money given the above conditions, then there is scope.
Technical analyst looks at the price movement of a security and uses this data to predict its future price movements. He is responsible for all technical analysis and charting commentary for clients/journalists; for technical analysis and charting education for clients.
Technical analyst use price and volume as input and represent their decision on a graph. Technical analysis can be used in the following areas:
equities
bonds,
commodities futures
and currency futures.
As in gulf equity market are in operation, therefore it has a good scope for technical analyst. Further, as many companies are engaged in imports business, therefore there is always a need to good technical analyst.
