If you are not exposed to India, now is a good time to join.
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Train is leaving the station here, monthly suggests immediate upside in the order of 8-10% in the coming quarter, which will likely trigger a breakout away from the long term consolidation here, to trace my expected path long term...
This can be the beginning of a huge long term advance, quarterly chart is very close to triggering a trend signal, so the reward to risk in this idea could be astronomical.
Best of luck!
Cheers,
Ivan Labrie.
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Closer to target #1...
Trend is acting as expected, very good.
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Target hit in monthly, but quarterly signal triggered, my general long term fundamental idea implies a repeat of the Chinese market trend after globalization started in 89 (which is a bit of an ambitious target for India) but worth considering as a long term hold.
I'm watching India too, but RR isn't that enormous. That's like 20% APY yield, if everything goes smoothly during the decade, so India rather looks like some big tech stock in terms of RR.
IvanLabrie
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indeed, what we don't know is how the index composition might change over time, think that a big % of it is banks and very few big tech companies currently... it's a developing story.
The interesting part is that it might become a beneficiary from manufacturing moving to India to diversify out of China for big companies.
This can cause a lot more developments in terms of infrastructure, quality of living, as foreign direct investment pours in.
In that regard, I think that catching up to the move China made when globalization kicked off is a pretty interesting target.