🚨🚨🚨 If you are not exposed to India, now is a good time to join. 📢 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,...
India is the winner for the next decade ahead, and with its manufacturing expansion, energy. Fossil fuels, coal in particular, are set to benefit long term as India absorbs a chunk of China’s manufacturing footprint. The reshoring / nearshoring / friendshoring theme, can reverse some of the impact of globalization, and perhaps trigger huge upside in India (and...
An interesting observation here... The weekly chart for INDY has recent bullish candlestick patterns after bouncing off a long term support level at 41.50. This is the second test in 2022, and the bounce closed above the next (gap) resistance level, above 43. The technical indicators are turning bullish, as RPM tuned up for a crossover. The daily chart shows...
1) Price is above the 13 sma for week and month 2) AO is positive for week and month 3) Elder Impulse is green for week and month
I can't tell you why exactly why India is a buy, as I do not know much about macroeconomics. The main ideea is that elections are coming and investors are confident this will change India's economy. This is an ideea coming from the macro analyst I follow, and he is yelling Buy Buy Buy since February. It might be a little late now, as India rallied...