Index Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
NEXT NOTES Nifty PR 2x Leverage Index ETN (GIF:C046)
Strong Uptrend (+100) - C046 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, C046 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid C046?
MarketClub looks at technical strength and momentum to determine if the timing is right for C046.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for C046
The long-term trend has been UP since Jul 5th, 2020 at 6705.01
The intermediate-term trend has been UP since May 29th, 2020 at 5510.48
The short-term trend has been UP since Aug 5th, 2020 at 7369.73
Smart Scan Analysis for C046
Based on our trend formula, C046 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).