Index Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
NASDAQ INDIA MID-CAP INDEX (NASDAQ:NQINMC)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 NQINMC
The long term trend has been DOWN since Feb 5th, 2018 at 1856.69
The intermediate term trend has been UP since Nov 1st, 2018 at 1542.82
The short term trend has been UP since Nov 13th, 2018 at 1597.16
Smart Scan Analysis for NQINMC
Based on a pre-defined weighted trend formula for chart analysis, NQINMC scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2172.85||52wk High Date||2018-01-15|
|52wk Low||1407.52||52wk Low Date||2018-10-09|