Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
NASDAQ INDIA INDUSTRIES INDEX (NASDAQ:NQIN2000)
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 NQIN2000
The long term trend has been DOWN since Mar 6th, 2018 at 1483.89
The intermediate term trend has been UP since Nov 2nd, 2018 at 1168.25
The short term trend has been DOWN since Dec 6th, 2018 at 1257.93
Smart Scan Analysis for NQIN2000
Based on a pre-defined weighted trend formula for chart analysis, NQIN2000 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1713.09||52wk High Date||2017-12-21|
|52wk Low||1075.51||52wk Low Date||2018-10-23|