INDL chart in a glimpse, on special request from some friends who have exposure in this Direxion Daily MSCI India Bull 3x Shares (INDL) Find below the fund summary as from their website: The Direxion Daily MSCI India Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI India Index. There is no...
INDL has reached strong support with a great chance of recovery. Wait for confirmation for uptrend and should be an easy 5% return. RSI is extremely oversold.
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.
Indus India Index, the ETF (PIN) for this index is charted above. SIII can also be used to chart underlying index. Also INDL is the 2X ETF designed to track INDL. Recently broke upward trend line which also corresponded with a confirmation of a H&S pattern. Target for H&S pattern completion is approximately the shaded area. This target area also looks to...