There is a strong support from the weekly chart at 39.19 price level and I will wait a while more to assess if there is bullish pattern before buying into this ETF.
From the companies listed here , it provides an inexpensive way for investors who wish to stay invested in India without buying into individual company which can be costly from wherever they are...
Looks like the US is going to be hitting another Russian "ally"- India. Easy short here if you missed out on the Ukraine/Russia directly related geopolitical play.
Biden weighing sanctions on India over Russian military stockpiles
"The Biden administration is weighing whether to impose sanctions against India over its stockpile of and reliance on Russian...
India has recently caught my attention as a very interesting region of the world that is growing fast and building fast. Let me be clear, though, that I am not an expert about India. What I am about to write are all the things I've learned doing some research and talking with friends and users online who have been there or live there.
The chart I've attached here...
-With the current tariffs on China due to the U.S - China trade war, all major U.S based importers and manufacturers are moving to countries such as Indonesia, Malaysia, Turkey, Russia, and India.
-With a continuously growing economy and an Artificial Intelligence market that's worth of $8 Bn, what's better than investing in India right now?
-U.S equities are in...
Aggregate Volume Drift can sometimes really expose when low volume (outside RTH) is exploited. This is one of the most obvious examples; notice how little bull volume was actually behind the move from 46>50. These moves can take months or more, so be patient, but this looks toppy to me!!
MSCI India ETF - This one definitely shows a break out. Need to cross that 2018 high for a massive run. Let us see what it does.
Disc: Not a SEBI Registered. I post charts for my own study.
Series of ascending triangles, nice smooth trend line, separation of moving averages, Breached the 200 MA which can now act as support. Good R/R. 3:1 Target $35.00 Stop = $31.00
Stop - a close below diagonal trend line.
The indian stock market index is at the brink of breaking out massively here, in this currency adjusted chart. If it manages to move over this trendline resistance it can confirm a quarterly timeframe trend pointing to a large advance in the coming 12 quarters, as shown on chart. Emerging market stocks become interesting with potential weakness in the dollar going...
Pictured here is an INDA (66/29) short strangle in the June cycle set up around the 25 delta strikes. Paying 1.00 at the mid, it has break evens of 32.00/39.00, a buying power effect of 5.65, and delta/theta metrics of .68/1.98. Unfortunately, it doesn't have the tightest markets, so expect a little price discovery should you want to get a fill.
On the...
Both on a fundamental and technical basis, this index is set to keep going down for 4-6%.
As with most ideas published, this is an opportunity to get in.
There is tremendous upside potential long-term.
India is bouncing at a key market level today. Aggressive traders can get long immediately. Patient traders can watch for a signal next week. These emerging markets gap a lot and often leave traders wondering what is happening. Trend analysis and risk management makes our life a lot easier here.
Check out the chart for an explanation. Once the turn happens, it's likely up for several days at least. There is a second bottom channel in the unlikely event that the price doesn't turn as expected.
