Yonder wit me a bitLove emerging markets. They SHOULD be less cluttered with Bureaucracy!Longby McllroyCharleeUpdated 223
INDL - Positive 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 guarantee this fund will meet its stated investment objective. This leveraged ETF seeks a return that is 300% the return of its benchmark index for a single day. The fund should not be expected to provide three times the return of the benchmark’s cumulative return for periods greater than a day. Target Index The MSCI India Index (NDEUSIA) is designed to measure the performance of the large- and mid-capitalization segments of the Indian equity market, covering approximately 85% of companies in the Indian equity universe. One cannot invest directly in an Index. A quick look at the charts, RSI has been more or less stagnant and the prices have continued to move upwards. I have created a uptrend line below the prices to gauge the support line and built faster support lines in green and blue (momentum gauge) to see if there is reason to worry if breached. I would like to look out for these lines in green and blue to be breached as the first couple of signals for caution of probable change in trend and the changing of havds of power from Bulls to the bears RSI has been finding support between the 39 to 50 levels and seems to be bottoming out there and currently is finding resistance in the 55 to 65 levels. One would like to see either of these ranges being broken to show us further direction on the movement. As we speak, price is nicely making higher highs and higher lows From a Gann Fan perspective, we could be a potential support level. In case price falls below this support level and gets lower in the lower zone, we could look for new support and resistance zones established From a Fib retracement perspective, it also suggests that we found resistance and got rejected from the 78.6 Fib levels and has now found support at 61.8 fib levels It all seems to be adding up! Added below is my view on Nifty and other indices affecting India Stay invested now, but look at cues what the chart shares Trust this helps If you like what you see, share a thumbs up and share your comments! Cheers Longby LoveForChartsPublished 3
INDL Potential Dip Buy 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.Longby kmacalin2025Published 0
weely chart everytime rsi oversold we get a bounce maybe the next move is to 160 top of the channel>>>>>???? india is a growing emerging market longer term eh IMOLongby Stockboy1234Published 1
this is an interesting chart channelthe overall pattern looks corrective to me... we are way oversold and at the bottom of a large channel... risk to reward is good for a long, IMO , good luck Longby Stockboy1234Published 2
INDL LONG PLAYI Think ETF will Complete A M Pattern Move Up as Arrows on Chart ShowLongby epolonUpdated 1
INDL 3X ETF TRADETrade at 75 Buy to 80 Sell for Bounce Attempt Back in The Cloud. It May Fail before it hits Cloud.Longby epolonPublished 1