$INDY: Update - Buy signal in monthly scale here...🚨🚨🚨
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 ter
Key stats
About iShares India 50 ETF
Home page
Inception date
Nov 18, 2009
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
INDY captures large-cap Indian equities by tracking the Nifty 50 Index, an index that holds a concentrated portfolio of 50 blue-chip companies traded on India's National Stock Exchange. This covers approximately 66% of the Indian companies by market capitalization. The index uses market-cap and liquidity screens in identifying its constituents. Selected securities are then weighted by market-cap and reconstituted on a semi-annual basis. Overall, INDY offers a decent, plain-vanilla take on Indian large-cap stocks.
Classification
What's in the fund
Exposure type
Finance
Technology Services
Stock breakdown by region
Top 10 holdings
India is the long term winner of de-globalizationIndia 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
India INDY ETF bounced off supportAn 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 b
India - Long on fundamentalsI 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
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.