We are looking at a beautiful structural shift. After a grueling downtrend through 2021-2022, the 2024-2025 period has been all about building higher highs and higher lows. The recent bounce off the 30-week EMA suggests the "buy the dip" mentality is firmly back.
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Despite India's underperformance, the emerging market as a whole is in strong momentum. Next target: 75.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.