The bottom line is that compared to other emerging markets ETFs, particularly the other members of the BRIC group, India funds have been decent-by-comparison this year and that strength could translate to some legitimate upside for patient investors.
Enticing money managers, India’s economy is expected to expand faster than its BRIC – Brazil, Russia, India and China – counterparts. India’s trade imbalances are also diminishing and the country’s currency and stocks have held up, or at least haven’t sold off as rapidly
“Predictable behavior at key levels such as trendlines and moving averages tend to create obvious pivot points and provide strategic traders who use technical indicators an opportunity to time their entry. Based on this chart, bullish traders looking for exposure to India will likely want to remain on the sidelines until the bulls are able to overcome some of the nearby resistance and take control of the momentum,” adds Investopedia.
iShares India 50 ETF