Regardless of the global and local narratives, India's BankNifty Index may have turned.
In the hourly chart below see the bullish breakout from an inverted head-and-shoulders pattern, as well as the penetration of the 200 hour EMA.
Also note the positive change in momentum signalled by the Golden Crosses of the 10 and 50 hour EMAs, as well as that of the 50 and 200 hour EMAs.
While the media stories are full of Trump (trade wars), Trump (Syria) and Trump (White House sackings), as well as the scandals in Indian public sector banks, India's premier banking index may have quietly staged a turnaround.
As they say, forget about stories or narratives, but watch what the chart is doing.
In the chart above of India's Nifty 50 Index, price (blue line) has pushed above all of the following lines today:
Be on guard for signs of continuing upward momentum tomorrow - in particular a penetration of the 21 day SMA (pink) line.
India has over 20 percent of the kids born in the world. And they move around a lot.