NYSE · ETF · ENHANCED MARKET DYNAMICS

IFN

India Fund Inc

EMD SCORE38/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration50% directional agreement84/100 evidence quality6/6 sources available

Completed week: 25 Sep 2026
Latest close: USD 10.88
Evidence: 156 weeks

This report uses 25 Sep 2026. The latest completed calendar week is 2 Oct 2026; newer evidence has not yet reached this listing.

Four-week EMD change-14.0 pts

signed chart scale −100 to +100

Four-week price-5.1%

completed closing prices

Current directional run55 weeks

on the same side of EMD zero

Recent consistency0/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive · 2 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

6 Oct 2023–25 Sep 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 11%Current EMD -24.04-week EMD change -14.0Full saved history price range USD 10.65–15.34

View chart values · 156 observations

Week	Close · USD	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-06	11.89	55.48	78	100	83
2023-10-13	11.98	55.67	78	100	83
2023-10-20	11.58	28.78	64	50	83
2023-10-27	10.99	14.04	57	33	100
2023-11-03	11.69	26.04	63	60	100
2023-11-10	11.75	18.26	59	50	100
2023-11-17	12.30	39.97	70	67	100
2023-11-24	12.04	28.58	64	60	100
2023-12-01	12.26	45.6	73	100	100
2023-12-08	12.81	61.47	81	100	100
2023-12-15	12.91	52.39	76	100	100
2023-12-22	12.90	54.93	77	100	100
2023-12-29	13.06	61.43	81	100	100
2024-01-05	13.30	64.01	82	100	100
2024-01-12	13.74	74.06	87	100	100
2024-01-19	13.37	51.41	76	67	100
2024-01-26	13.51	63.45	82	100	100
2024-02-02	14.02	73.7	87	100	100
2024-02-09	14.20	68.91	84	100	100
2024-02-16	14.65	77.38	89	100	100
2024-02-23	14.97	77.43	89	100	100
2024-03-01	15.14	78.02	89	100	100
2024-03-08	15.34	75.79	88	100	100
2024-03-15	14.75	51.13	76	67	100
2024-03-22	14.37	44.49	72	67	100
2024-03-29	14.93	62.18	81	100	100
2024-04-05	14.89	45.82	73	67	100
2024-04-12	14.15	24.45	62	67	100
2024-04-19	12.87	1.61	51	0	100
2024-04-26	13.34	11.34	56	33	100
2024-05-03	13.19	-0.93	50	33	100
2024-05-10	12.85	-23.61	38	67	100
2024-05-17	13.07	-6.54	47	0	100
2024-05-24	13.13	-14.62	43	50	100
2024-05-31	12.92	-27.63	36	60	100
2024-06-07	13.04	-10.32	45	20	100
2024-06-14	13.39	-8.54	46	20	100
2024-06-21	13.22	-21.5	39	60	100
2024-06-28	13.37	-15.2	42	50	100
2024-07-05	13.46	-12.9	44	20	100
2024-07-12	13.45	-15.96	42	50	100
2024-07-19	13.47	-16.14	42	33	100
2024-07-26	13.54	-7.73	46	20	100
2024-08-02	13.46	-10.49	45	33	100
2024-08-09	13.48	-2.86	49	20	100
2024-08-16	14.11	7.95	54	20	100
2024-08-23	14.23	10.44	55	33	100
2024-08-30	14.03	7.0	54	20	100
2024-09-06	13.80	5.96	53	0	100
2024-09-13	13.95	7.8	54	33	100
2024-09-20	14.46	22.57	61	60	100
2024-09-27	14.77	30.1	65	60	100
2024-10-04	14.31	23.33	62	33	100
2024-10-11	14.38	34.3	67	67	100
2024-10-18	14.36	21.79	61	33	100
2024-10-25	13.56	3.18	52	20	100
2024-11-01	13.55	7.8	54	33	100
2024-11-08	13.71	8.38	54	60	100
2024-11-15	13.33	-19.3	40	60	100
2024-11-22	13.86	7.33	54	0	100
2024-11-29	13.97	7.68	54	20	100
2024-12-06	14.19	16.55	58	33	100
2024-12-13	13.83	1.45	51	0	100
2024-12-20	13.13	-27.0	36	60	100
2024-12-27	12.90	-28.75	36	67	100
2025-01-03	13.10	-13.82	43	33	100
2025-01-10	12.91	-33.5	33	67	100
2025-01-17	13.00	-23.94	38	50	100
2025-01-24	12.85	-31.2	34	60	100
2025-01-31	13.00	-21.72	39	20	100
2025-02-07	12.92	-27.81	36	50	100
2025-02-14	12.75	-37.45	31	60	100
2025-02-21	12.74	-36.38	32	60	100
2025-02-28	12.08	-49.29	25	67	100
2025-03-07	12.43	-27.59	36	33	100
2025-03-14	12.43	-29.15	35	33	100
2025-03-21	13.26	-9.49	45	0	100
2025-03-28	13.10	-14.1	43	33	100
2025-04-04	12.00	-30.07	35	60	100
2025-04-11	12.08	-18.31	41	33	100
2025-04-18	12.80	-5.96	47	0	100
2025-04-25	13.00	-9.22	45	33	100
2025-05-02	13.56	14.99	57	100	100
2025-05-09	13.05	-1.17	49	0	100
2025-05-16	13.81	22.3	61	60	100
2025-05-23	14.06	35.61	68	100	100
2025-05-30	14.02	30.21	65	100	100
2025-06-06	14.07	34.24	67	100	100
2025-06-13	13.64	23.67	62	33	100
2025-06-20	13.62	22.36	61	33	100
2025-06-27	14.21	39.22	70	67	100
2025-07-04	14.14	34.93	67	60	100
2025-07-11	13.74	22.26	61	33	100
2025-07-18	13.55	15.75	58	33	100
2025-07-25	13.58	17.8	59	33	100
2025-08-01	13.31	10.98	55	20	100
2025-08-08	13.08	-2.12	49	0	100
2025-08-15	13.29	8.86	54	20	100
2025-08-22	13.58	8.31	54	20	100
2025-08-29	13.26	-1.96	49	20	100
2025-09-05	13.19	1.95	51	20	100
2025-09-12	13.23	-0.23	50	20	100
2025-09-19	13.26	-12.09	44	50	100
2025-09-26	12.90	-23.22	38	60	100
2025-10-03	12.98	-15.63	42	20	100
2025-10-10	13.08	-16.69	42	50	100
2025-10-17	13.41	-4.52	48	20	100
2025-10-24	13.44	-5.85	47	0	100
2025-10-31	13.21	-14.74	43	33	100
2025-11-07	12.93	-22.83	39	50	100
2025-11-14	13.41	-4.59	48	0	100
2025-11-21	13.38	-11.06	44	33	100
2025-11-28	13.53	-0.56	50	33	100
2025-12-05	13.01	-12.93	44	20	100
2025-12-12	12.81	-19.58	40	20	100
2025-12-19	12.95	-8.96	46	0	100
2025-12-26	12.89	-24.48	38	60	100
2026-01-02	13.14	-5.5	47	0	100
2026-01-09	13.06	-17.43	41	33	100
2026-01-16	13.09	-13.81	43	33	100
2026-01-23	12.68	-28.54	36	60	100
2026-01-30	12.69	-31.4	34	60	100
2026-02-06	13.13	-10.08	45	0	100
2026-02-13	13.09	-22.02	39	60	100
2026-02-20	13.16	-8.45	46	0	100
2026-02-27	12.87	-19.66	40	60	100
2026-03-06	12.03	-39.93	30	67	100
2026-03-13	11.47	-45.06	27	67	100
2026-03-20	10.97	-49.83	25	67	100
2026-03-27	10.65	-50.89	25	67	100
2026-04-03	10.68	-46.73	27	60	100
2026-04-10	11.43	-30.99	35	33	100
2026-04-17	11.93	-23.42	38	0	100
2026-04-24	11.66	-29.8	35	20	100
2026-05-01	11.60	-28.39	36	20	100
2026-05-08	11.71	-26.12	37	20	100
2026-05-15	11.22	-42.36	29	67	100
2026-05-22	11.27	-37.64	31	60	100
2026-05-29	11.26	-35.26	32	60	100
2026-06-05	10.77	-46.93	27	67	100
2026-06-12	10.98	-26.88	37	20	100
2026-06-19	11.71	-13.41	43	20	100
2026-06-26	11.56	-16.04	42	20	100
2026-07-03	11.70	-8.11	46	0	100
2026-07-10	11.60	-11.32	44	20	100
2026-07-17	11.50	-14.59	43	0	100
2026-07-24	11.07	-16.92	42	0	100
2026-07-31	11.34	-14.39	43	0	100
2026-08-07	11.45	-16.56	42	33	100
2026-08-14	11.51	-11.23	44	20	100
2026-08-21	11.47	-8.16	46	0	100
2026-08-28	11.47	-9.99	45	20	100
2026-09-04	11.50	-6.81	47	20	100
2026-09-11	11.15	-15.01	42	20	100
2026-09-18	10.92	-19.71	40	33	100
2026-09-25	10.88	-23.96	38	50	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	3 Apr	10 Apr	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep
Trend	1	5	12	8	8	11	5	6	7	3	5	20	17	22	21	19	10	18	23	26	26	28	31	21	16	17
Momentum	25	42	57	58	57	47	32	35	37	32	45	64	64	73	64	49	44	48	52	58	64	60	63	53	44	44
Underlying pressure	9	9	11	12	16	21	21	22	23	24	28	36	44	50	57	56	53	50	47	50	54	60	64	63	60	48
Price & volume	44	66	60	45	49	60	44	49	55	27	59	67	49	55	49	49	58	58	53	58	55	46	49	38	41	43
Relative strength	3	5	5	4	4	3	2	2	2	2	2	6	7	7	6	7	5	6	5	6	7	7	8	6	5	5
Modeled Trend	60	59	58	57	57	57	57	58	57	57	56	56	57	58	59	59	59	59	59	59	59	60	59	60	60	60

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Modeled Trend

60/100

LEAST SUPPORTIVE SOURCE

Relative strength

5/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Further price weakness alongside cautious trend, pressure and relative strength would support the current defensive read.

Change of direction

Repair needs follow-through

Improving EMD while price still falls is an early observation. A turn in price and broader agreement would strengthen a repair case.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER+0.4%

Median price return · 15 non-overlapping examples

Observed range: -12.4% to +13.0%
Positive returns: 67%
All-period comparison: +0.1% median

13 WEEKS LATER+0.2%

Median price return · 6 non-overlapping examples

Observed range: -17.4% to +8.4%
Positive returns: 50%
All-period comparison: -1.9% median

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

6 Feb 2026Up-cycle confirmedUSD 13.13

30 Jan 2026Lower cycle zone confirmedUSD 12.69

18 Jul 2025Down-cycle confirmedUSD 13.55

4 Jul 2025Upper cycle zone confirmedUSD 14.14

2 May 2025Up-cycle confirmedUSD 13.56

21 Mar 2025Up-cycle confirmedUSD 13.26

21 Feb 2025Lower cycle zone confirmedUSD 12.74

25 Oct 2024Down-cycle confirmedUSD 13.56

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS