Index Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
BNY MELLON INDIA SELECT DR TOTAL RETURN (CME:BKINCTR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BKINCTR
The long term trend has been DOWN since Oct 1st, 2018 at 8046.83
The intermediate term trend has been UP since Nov 1st, 2018 at 7919.30
The short term trend has been DOWN since Dec 7th, 2018 at 8559.33
Smart Scan Analysis for BKINCTR
Based on a pre-defined weighted trend formula for chart analysis, BKINCTR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10197.49||52wk High Date||2018-09-04|
|52wk Low||7455.74||52wk Low Date||2018-10-25|