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Technical analysis helps in developing trading strategies for various time frames. This could be for a week, fortnight or a month. Depending on the analysis, one can take a long or short position for various time schedules. Broadly, a trader who looks for short-term gains hold positions for a week or fortnight, whereas those eyeing bigger gains hold positions for a month.
Outlook for a month
To look for monthly opportunities, the major indicator that highlights a trend is the moving average. A moving average is defined as an average of price over a certain period of time. Normally, 50-monthly
