Saturday, 26 December 2009

India - INP $64



INP is the ETF for India. Sell signal in Jan 2008 at 90, with a Buy triggered at 30 in March 2009. INP has struggled to break above 64 for 11 weeks. A weekly close below 60 and 5ema (62) < 10ema(61) will be the indicator for the next drop to support at 50ema (53).

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