INDIA : time for doubts
​Latest Indian elections were a setback for Mr. Modi. The MSCI India lost ground. It is now oversold in the short term, but the medium term picture is not looking bright. Time for doubt has come. The index has completed a head-and-shoulders top over a year, it now has to fall in order to test the May 2014 pre-election level. This will allow validating the quality of the bull signal that was triggered at that time. For several months, India should be slightly underweigth.
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