Friday, April 15, 2016 4:27 AM EDT
It is definitely not a secret that the stock market of India has been THE most important market on our watchlist in 2016. We have written about this topic extensively, see here, here and here.
This week is extremely important for us because we are witnessing the first breakout of the Indian stock market since it started correcting in February of 2015. Both the daily and weekly chart of the India stock market make our point.
(Click on image to enlarge)
Whether this is a confirmed breakout in the stock market of India is a bit too early to tell. Prudent investors could wait until the India stock market comes back testing the breakout point (around 7800 points in the Nifty 50 Index) which would be the ultimate BUY signal. Aggressive investors can already take a position right now as emerging markets are stabilizing, and, as said many times, India has by farthe best setup, both fundamentally and technically (in line with this article on Indian stocks released on Economic Times Of India).
(Click on image to enlarge)
We believe the stock market in India deserves to be an important position in a diversified portfolio in 2016. The breakout we have been anticipating could be happening right now, which is much earlier than expected. Investors should be watching this market very closely, as it has the potential to become one of the most profitable investments in 2016.
Disclaimer: InvestingHaven.com makes every effort to ensure that the information ...
more
Disclaimer: InvestingHaven.com makes every effort to ensure that the information provided is complete, correct, accurate and updated.In spite of these efforts, errors may occur in the information provided.If the information provided contains errors or if certain information is not available on or via the site, InvestingHaven.com will make every effort to rectify the situation as soon as possible. However, InvestingHaven.com cannot be held liable for direct or indirect damages resulting from the use of the information on this site. If you notice any errors in the information provided via the site, please contact the manager of the site.
Moreover, the views expressed in the articles (posts) on this website are the ones from the authors and are for information only. It is not intended as an offer, invitation, or solicitation to buy or sell any of any security or asset described. Nor the website manager nor the authors do accept any liability whatsoever for any direct or consequential loss arising from the use of their content. Please consult a qualified financial advisor before making investments. The information on this website and in the articles (posts) is believed to be reliable , but the authors do not make any representations as to its accuracy or completeness.
The content of the site (including links) may be adjusted, changed or expanded at any time without notice. InvestingHaven.com does not guarantee the proper functioning of the website and cannot be held liable in any way for the improper functioning or temporary (un)availability of the website or for any form of damage, direct or indirect, which may be the result of access to or use of the website.
InvestingHaven.com cannot be held liable under any circumstances by anyone, directly or indirectly, in any specific or other way, for damages resulting from the use of this site or any other site connected by means of links or hyperlinks, including, without limitation, any losses, interruptions of work, damage to programmes or other information on the computer system or to equipment, software or other items owned by the user.
less
How did you like this article? Let us know so we can better customize your reading experience.
