$INDY: Update - Buy signal in monthly scale here...
Updated
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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.
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, 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.
Comment
Closer to target #1...
Trend is acting as expected, very good.
Comment
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.
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