Index Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
India Total Return ADR/GDR 15 Index (CME:INDIA15)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 INDIA15
The long term trend has been UP since Nov 1st, 2019 at 3012.10
The intermediate term trend has been UP since Sep 13th, 2019 at 2777.82
The short term trend has been DOWN since Nov 8th, 2019 at 3000.37
Smart Scan Analysis for INDIA15
Based on a pre-defined weighted trend formula for chart analysis, INDIA15 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2912.66||52wk High Date||2018-01-29|
|52wk Low||2357||52wk Low Date||2018-10-26|