Index Trend Analysis Report
Prepared for you on Sunday, February 25, 2018.
NASDAQ INDIA HEALTH CARE INDEX (NASDAQ:NQIN4000)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 NQIN4000
The long term trend has been UP since Nov 2nd, 2017 at 1490.94
The intermediate term trend has been DOWN since Jan 31st, 2018 at 1515.07
The short term trend has been DOWN since Feb 15th, 2018 at 1459.84
Smart Scan Analysis for NQIN4000
Based on a pre-defined weighted trend formula for chart analysis, NQIN4000 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1641.89||52wk High Date||2017-04-13|
|52wk Low||1289.55||52wk Low Date||2017-08-11|