BHEL is a heavily beaten stock in since 52 weeks. It has lost almost 50% in one year. Now trading at 298. It is very difficult to digest these kind of moves in a stock which is one of the major movers in Nifty-50.
USDINR 4 hourly chart is shown with 13-13 period Wilders Moving average. There is buy signal on the chart since 9th November as the candle closes above the upper channel Rs49.33 of the 13-13 Wilders moving average channel since then there is a strong uptrend(Weaker Currency). Now the current supports are near Rs49.0. Closing below Rs.49 could offer shorting opportunity in USDINR.
Another sort of questions arising while trading/investing based on time frames. Which time frame should I prefer? And weightage should be prefered shorter time frames or Longer timeframes if we are looking for trades/investment using multiple timeframes?
Many of the Traders/Investors those who started reading charts would first like to test their skills with trendlines. They Plot trend lines to identify the underlying trend i.e bull market or bear market. This is a basically a wrong assumption