Index Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
NASDAQ INDIA MID-CAP INDEX (NASDAQ:NQINMC)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 NQINMC
The long term trend has been DOWN since Feb 5th, 2018 at 1856.69
The intermediate term trend has been DOWN since Sep 4th, 2018 at 1766.32
The short term trend has been DOWN since Sep 17th, 2018 at 1717.24
Smart Scan Analysis for NQINMC
Based on a pre-defined weighted trend formula for chart analysis, NQINMC scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2172.85||52wk High Date||2018-01-15|
|52wk Low||1667.12||52wk Low Date||2018-09-19|