Price Action Analysis Vs Technical Analysis

 Price action Analysis is the same as Technical Analysis?


The answer is Yes? or No?

You will decide the answer.

Price Action and Technical Analysis are two School of Thoughts?

My Question is If Stock/Index price chart(candlestick/bar/Line) is a raw data or

Processed data with Open,High,Low,Close  and Volume values of information ?

From this OHLC data we recognize that previous bar  close is high or low from previous bar.

If we get information from simple bar/candlestick chart why we put indicators like moving

averages,RSI,stoch etc and complicate the chart for Trading/Investing.

If Trading is a Psychology Game why we are constantly striving to find Holy Grail Indicators?

If Stock Market is a complicated subject why we add more complicated indicators?

If you have reasonable experience with this number game,Regardless of two school of thoughts and

 analysis we belongs to,you found yourself discussing at some point the issue between

Price action analysis and Technical Analysis.Some Traders at some point of time after experience

found using the simple Price action Analysis over Technical Analysis.

What is Technical Analysis?
Example
A moving average is about as plain technical indicator as you can get.
we can make it more complicated  with weighted, geometric, harmonic, exponential,
and double or triple smoothing variations.

Price Action Analysis?
Price action example is a simple support and Resistance line,Pivot breakout etc.

Here is the Simple price action analysis by adding 90 points from low of Nifty low 6825.8.

Comment and share your views about Price action and Technical Analysis.
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