If you want to play this global rally, there's no better place than India. India has the best demographic trends of any developing country so it's a great buy and hold investment. It's like buying into the U.S. or Japan in the 70s/80s. Of course everyone will argue that if the U.S. economy/market doesn't do well neither will India because decoupling was proven a farce. Well that's the trap. Decoupling didn't happen with Asian economies in the last runup because they were all riding the U.S. consumption wave. But now with the reset to their economies and markets and less external economic influence from the U.S., decoupling can truly happen as they build their internal infrastructures to accomodate their growing populations and desires.
This appears to be a great entry point.
Here's a long term LOG chart for IFN, the India ETF:
And here's the long term LINEAR chart for IFN:
Finally, the daily chart for IFN, which is forming a wedge and a big breakout to the upside appears imminent:
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