EPI at $50 by 2025?busted right through $45.
has been doing okay since Modi re-election.
strong trend up.
mirroring INDA to the T
price target is $55 in jan 2025
EPI trade ideas
EPI India Earnings ETF Has broken out, ride the trend!
Can be long here vs stop of $41 using the MarketWebs Indicator - this is a trend trade
India - Long TermLong term, emerging market should outperform US due to high growth potential. India ETF looks particularly interesting to me.
Reasons:
1. Price just broke out of a long horizontal rectangle. Although you are not going to see massive price moves, it is a great asset to own.
2. India is one of the only countries focusing on reducing debt vs increasing in the next 12 months.
3. India is absolute monster in IT space which is the future.
Happy Wednesday, its never wrong to pull profits.
V bottompossible stop at or under mid v
Top 10 Holdings
Housing Development Finance Corp Ltd
8.36%
Reliance Industries Ltd
7.57%
Infosys Ltd
7.45%
Tata Consultancy Services Ltd
Not to long entry level yet
4.37%
ICICI Bank Ltd
2.69%
HCL Technologies Ltd
2.41%
NTPC Ltd
2.10%
Power Grid Corp Of India Ltd
2.10%
Larsen & Toubro Ltd
2.05%
Kotak Mahindra Bank Ltd
India short reload opportunityExpect 20.9 to be reached next --
Till the markets improve, the strategy is STFR until it stops working
Possible Reversal Zone For Indiaprice now near multi year channel trend support line- this may bring demand here
EPI squeeze to continueI think the squeeze continues till we get to the gap around 28. Might pause here and there
EPI -- patience requiredWhile the Nifty has been acting quite well, the Indian Rupee has not been very bullish at all to say the least. This impact is being felt on the EPI index which is exposed to currency risk as well in addition to equity risk, a fact which is overlooked by some market participants.
In any case, the way it has been acting, makes it look like further lows are ahead, with my algorithm returning the following positions as being viable matches. Both of these lead to a lower low. I think it will stop at 24, but I really have no idea where it will stop falling. Therefore I will acquire positions only on the trendline being broken to the upside
EPI -- potentially bullish fractalPreviously, I mentioned that its necessary to be patient, and I think we have an answer now.
We matched the 6th of December 2017 fractal on the hourly, so we are likely to have a strong move up.
Today's move down is likely just a reset since it was moving at an unsustainable angle.
So my plan
1. I'm looking for there to be a couple of red days which I can buy. Right now, I am just sitting on my hands
2. I would be interested to see if it gets into the blue box mid august
3. Of course, the fractal would be soundly violated on any move below the recent lows.
4. I would be careful not to overstay my welcome if we hit the target earlier than expected. I'd not be bullish any longer after the target level has been achieved and will be looking to see if a setup for a bearish development develops
India Breaking OutDon't look now but India is breaking a long established downtrend. Needs some rest but looks good for the LT accounts.
