Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
NASDAQ INDIA INDUSTRIES INDEX (NASDAQ:NQIN2000)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NQIN2000
The long term trend has been DOWN since Mar 6th, 2018 at 1483.89
The intermediate term trend has been DOWN since Sep 4th, 2018 at 1356.42
The short term trend has been DOWN since Oct 17th, 2018 at 1136.73
Smart Scan Analysis for NQIN2000
Based on a pre-defined weighted trend formula for chart analysis, NQIN2000 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1713.09||52wk High Date||2017-12-21|
|52wk Low||1092.4||52wk Low Date||2018-10-11|