By: Vicki Haddow
The India Fund, Inc. (IFN) is an Indian investment fund that has given a calculated buy set-up. This fund has been beaten up but put in a tail yesterday and is having an extension today. You could have entered the trade once the stock came back up through the previous day’s low of $29.10 with a stop of $28.64.
Another area to add to the position or to get involved would be through $30 as it breaks out of this descending triangle. This is a longer term play with a calculated stop if you want to put some money to work.
*DISCLOSURE: No position
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