Index Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
NASDAQ INDIA BASIC MATLS NTR INDEX (NASDAQ:NQIN1000N)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 NQIN1000N
The long term trend has been UP since Jan 12th, 2017 at 963.92
The intermediate term trend has been UP since Dec 18th, 2017 at 1419.08
The short term trend has been DOWN since Jan 16th, 2018 at 1557.93
Smart Scan Analysis for NQIN1000N
Based on a pre-defined weighted trend formula for chart analysis, NQIN1000N scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1604.44||52wk High Date||2018-01-15|
|52wk Low||968.08||52wk Low Date||2017-01-23|