Daily and weekly charts give diff results?

Hi,
I was analysing chart of Kirloskar Electric, and what I inferred on daily candlestick chart that it had ended uptrend and was in downtrend. However when I pulled up a weekly chart of same, it seems that it has reached a low pivot of an uptrend.
Please clear my confusion.
And also please tell me if I am drawing the trendlines properly.
Also, would I be correct to say that it made a double bottom in June and July?

Thank you.

I was analysing chart of Kirloskar Electric, and what I inferred on daily candlestick chart that it had ended uptrend and was in downtrend. However when I pulled up a weekly chart of same, it seems that it has reached a low pivot of an uptrend.
Please clear my confusion.
And also please tell me if I am drawing the trendlines properly.
Also, would I be correct to say that it made a double bottom in June and July?

Thank you.[/QUOTE]
Linuxguy.. this is basic fact of market. There are multiple waves of different amplitude and timeframe. and there are time when some of them will converge and go in same direction.. and there are times when they will diverge.

As a trader, it is important for us to understand this picture.. in different timeframe.. and depending on our trading timeframe, align ourselve with right wave.
Generally, when bigger wave is supporting our trend, we have odds in our favour.. else we are trading counter trend.. and will get hit by bigger wave at any time i.e. get stopped out or make small profit.

So accept that what u have observed is correct.. and u will see it on all charts happening day-in and day-out.
And develop your startegy to align yourself with right direction and take take trade accordingly..

Happy Trading

Generally, when bigger wave is supporting our trend, we have odds in our favour..

Follow AW10 advice.

From my side, I suggest you to learn to draw the trend lines with precision