For someone who wants to do pure trading like what Minervini does, taking low allocation positions, riding from a few days to few weeks and going in for lot of churns, too much fundamental analysis is of not much use. And if you read his books closely or listen to his videos (if you can manage to get hold of his master trader program video or those freely available on the internet) what he usually implies is that price is reflecting all fundamentals well in advance. So fundamental analysis carries little weight.
But for those who want to practice techno funda investing, knowing both technicals and fundamentals are important, and this can facilitate concentrated betting, if one is so inclined.
I do not get exactly what your query is, but if one is doing pure technical analysis then it makes sense to have a proper backtested and trustworthy trading system and follow it accordingly. There are a lot of pure technical analysis practitioners who do short to medium term investing or even long term investing based on pure TA. And applying basics of fundamental analysis is not too difficult.
As investors/traders we do not face any lines etched in stone about not mixing technicals with fundamentals, or following pure technicals or pure fundamentals. Its about what we are good at and what suits our temperament and style.
@ishu I don’t follow Minda corp.
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