India ETFs remain within basing patterns

Question: Can you look at the India market?

We highlighted that both the iShares India ETF (INDA) and the Wisdom Tree India Earnings Fund (EPI) were setting up for bullish breakouts in our October 28, 2025, Charted Market Insights. Since then, INDA and EPI have made little progress, but these basing patterns remain intact with the potential for upside breakouts in early 2026.

The iShares India ETF (INDA) is building a late 2024 into early 2026 basing pattern within its long-term uptrend as defined by a rising 200-week moving average (WMA). Holding the 54.15 to 52.81 zone (improving 13-, 26-, and 40-WMAs and mid December low) would keep this developing pattern firmly in place. A decisive rally above 55-56 would confirm both a mid 2025-early 2026 triangle and the bigger basing pattern to favor upside to 59.00-59.49 (triangle pattern count and the September 2024 peak) and 64.50 (2024-2026 basing pattern count). If needed, the triangle pattern low at 51.83 offers additional support for INDA.

Chart 1:  iShares India ETF (INDA) 

The WisdomTree India Earnings Fund (EPI) is also building a late 2024 into 2026 basing pattern within a longer-term uptrend. Holding the 46.09-44.78 zone (improving 13-, 26-, and 40-WMAs and mid December low) would keep this developing pattern firmly in place. A decisive rally above the pattern neckline at 46.83-47.00 would confirm both a mid 2025-early 2026 triangle and the bigger basing pattern to suggest upside beyond the July 2025 and December 2024 peaks at 47.68-48.18 toward the 50-51 area (triangle pattern count and 2024 highs) and potentially higher toward 55 (pattern count). If needed, the triangle pattern low at 43.65 offers additional support for EPI.

Chart 2:  WisdomTree India Earnings Fund (EPI)