Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Dow Jones Islamic Market India Index (INR) (INDEX:DJIMIN)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DJIMIN
The long term trend has been DOWN since Jul 9th, 2019 at 3663.28
The intermediate term trend has been DOWN since Jun 24th, 2019 at 3778.97
The short term trend has been UP since Jul 12th, 2019 at 3659.04
Smart Scan Analysis for DJIMIN
Based on a pre-defined weighted trend formula for chart analysis, DJIMIN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4070.59||52wk High Date||2018-09-03|
|52wk Low||3437.44||52wk Low Date||2017-12-06|