MIRAEAMC-MFANGPOSITIONAL TRADE
Charts looks good.
Rounding bottom formation pattern.
Note- Do your own analysis before taking any trading activities.
and also support my effort .
MAFANG trade ideas
MAFANG ETF BULLISHMAFANG ETF BULLISH
forming classic elliott wave
In it's 4th wave
Anytime from now it will make 5th wave
More than 15% move may go upto 50%
Let's see.
All time high Breakout at MAFANG (Mirae Asset NYSE FANG+ ETF)Big Bull Basant Maheshwari sir invest in Tesla But for retail investors from India to invest in Tesla, it's a complicated process. It's so simple and easy to invest in Nvidia and Tesla by simply buying MAFANG (Mirae Asset NYSE FANG+ ETF).
NSE Symbol: MAFANG BSE Scrip Code: 543291
If you want to invest in the NYSE FANG+ Index or want to play artificial intelligence (#Nvidia, #Tesla, #Google) from India, then #MAFANG (Mirae Asset NYSE FANG+ ETF) is the best option.
I compared #MAFANG (Mirae Asset NYSE FANG+ ETF) vs. the #Nifty and its peers (#Nasdaq Composite Index) from November 30, 2022, and discovered that it has outperformed both the Nifty and its peers in the sector.
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
An Amazing investment opportunity with a CAGR of 40-50% !!!" MIRAE NYSE FANG+ index ETF " is an ETF that will track the NYSE FANG+ index which tracks WORLD'S BIGGEST 10 COMPANIES. The FANG+ Index is composed of 10 equally weighted technology stocks—Facebook, Apple, Amazon, Netflix, Alphabet, Alibaba, Baidu, Nvidia, Tesla and Twitter. All the 10 stocks have equal weightage i.e 10%.
1)This index has delivered a return of 46.8% compound annual growth rate (CAGR) over the past five years in rupee terms. In other words, a rupee invested in the index would have multiplied almost seven times in five years.
2) The ETF has an expense ratio of 0.33% which is very low.
3) This is an awesome opportunity for Indian investors to invest in the international market and the world's greatest innovators. Also, it will help in diversifying the portfolio of investors.
4) These 10 companies have a market cap of $7.7 trillion—nearly three times the Indian market; and revenues of $1.09 trillion—3x of the Indian government’s total receipts.
5) Indian investors will also get the benefit of rupee depreciation.
6) If we talk about the risk on paper terms, since it is a concentrated portfolio so definitely there is a risk. But in my view, if we don't invest in the world's top 10 companies and invest it somewhere else then there is more risk!! These all companies are high growth companies and will continue to grow and innovate in the coming years as well. So definitely, it is worth investing.
ETF is available on NSE with code MAFANG.
short term target of Mfangafter crossing 57 it will reach 63 and then 3 digit
only for educational basis
