EPI India Earnings ETF Has broken out, ride the trend!
Can be long here vs stop of $41 using the MarketWebs Indicator - this is a trend trade
Key stats
About WisdomTree India Earnings Fund
Expense ratio
0.85%
Home page
Inception date
Feb 22, 2008
ISIN
US97717W4226
EPI offers a well-established alternative exposure to Indian equitiesfocusing on companies with strong earnings. Rather than using a market-cap-weighted approach, EPI picks stocks based on earnings in the prior fiscal year, adjusted for the availability of Indian stocks to foreign ownership. The resulting portfolio typically has a strong value tilt, which is unsurprising, given its fundamental methodology. It also produces considerable sector biases relative to the market. The index is rebalanced and reconstituted on an annual basis.
Classification
What's in the fund
Exposure type
Finance
Energy Minerals
Technology Services
Stock breakdown by region
India - Long TermLong term, emerging market should outperform US due to high growth potential. India ETF looks particularly interesting to me.
Reasons:
1. Price just broke out of a long horizontal rectangle. Although you are not going to see massive price moves, it is a great asset to own.
2. India is one of the
V bottompossible stop at or under mid v
Top 10 Holdings
Housing Development Finance Corp Ltd
8.36%
Reliance Industries Ltd
7.57%
Infosys Ltd
7.45%
Tata Consultancy Services Ltd
Not to long entry level yet
4.37%
ICICI Bank Ltd
2.69%
HCL Technologies Ltd
2.41%
NTPC Ltd
2.10%
Power Grid Corp Of India Ltd
2.1
India short reload opportunityExpect 20.9 to be reached next --
Till the markets improve, the strategy is STFR until it stops working
Possible Reversal Zone For Indiaprice now near multi year channel trend support line- this may bring demand here
EPI squeeze to continueI think the squeeze continues till we get to the gap around 28. Might pause here and there
EPI -- patience requiredWhile the Nifty has been acting quite well, the Indian Rupee has not been very bullish at all to say the least. This impact is being felt on the EPI index which is exposed to currency risk as well in addition to equity risk, a fact which is overlooked by some market participants.
In any case, the w
EPI -- potentially bullish fractalPreviously, I mentioned that its necessary to be patient, and I think we have an answer now.
We matched the 6th of December 2017 fractal on the hourly, so we are likely to have a strong move up.
Today's move down is likely just a reset since it was moving at an unsustainable angle.
So my plan
1.
See all ideas