Index Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
BNY MELLON INDIA SELECT DR TOTAL RETURN (CME:BKINCTR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 BKINCTR
The long term trend has been DOWN since Oct 1st, 2018 at 8046.83
The intermediate term trend has been DOWN since Feb 14th, 2019 at 8542.29
The short term trend has been UP since Feb 21st, 2019 at 8553.52
Smart Scan Analysis for BKINCTR
Based on a pre-defined weighted trend formula for chart analysis, BKINCTR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10197.49||52wk High Date||2018-09-04|
|52wk Low||7455.74||52wk Low Date||2018-10-25|