Index Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
NEXT NOTES Nifty PR 2x Leverage Index ETN (GIF:C046)
Long-Term Downtrend (-90) - C046 is in a strong downtrend that is likely to continue. While C046 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Feb 12th, 2021 at 7902.44
The intermediate-term trend has been DOWN since Feb 12th, 2021 at 10960.87
The short-term trend has been DOWN since Feb 26th, 2021 at 12837.00
Smart Scan Analysis for C046
Based on our trend formula, C046 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).