XID: BUY - Ascending TriangleMy reason t buy XID would be:
1) RSI, Histogram are bullish with lower lows and higher highs
2) Overall ascending triangle visible
3) Short term resistance at 37.5, we are standing at 35.7
Key stats
About ISHARES INDIA INDEX ETF UNIT
Expense ratio
1.11%
Home page
Inception date
Jan 21, 2010
The fund captures the large-cap Indian equity market by tracking a well-established index that holds a concentrated portfolio of 50 blue-chip companies traded on India's National Stock Exchange. This covers approximately 66% of 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 rebalanced on a semi-annual basis. Overall, XID offers a diversified, plain-vanilla take on Indian large-cap stocks.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.