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Xero Ltd: A Low-Volatility Buy with Strong Growth PotentialASX:XRO has reached an all-time high (ATH) with a strong weekly breakout and higher relative strength, indicating bullish momentum. The company’s impressive gross margin and relatively low PE ratio compared to near-term earnings growth add to its investment appeal. Additionally, Xero generally trades with low volatility, making it an attractive option for risk-averse investors Fundamentals: Impressive Gross Margin: Reflects strong profitability Low PE Relative to Near-Term Earnings Growth: Suggests potential undervaluation Low Volatility: Typically stable, reducing risk for investors Technical: Strong Weekly Breakout: Signals a strong upward trend All-Time High (ATH): Reaching new highs, confirming bullish momentum Channel Breakout: Price has broken out of a long-established channel, reinforcing the bullish signal Higher Relative Strength: Outperforming compared to the broader market, indicating strength
ASX:XROLong
by hrishikeshrahalkar
NIFTY Bearish Trend EMA50 Testing Weekly corrected 2400 points Posted Chart on 29th september that Nifty Near to Channel Resistance with RSI overbought and small negative Divergence, Price is 2000/4000 point away from EMA 20/50__after every trending move price is reverse to its ema line(MEAN reversion)+ also if making of flag then sideways to small correction can expect_____ Now after Retest Of EMA20 on weekly Nifty Still facing selling Pressure from higher levels now previous swing low is broken EMA50 is nearby 23300 and channel support at nearby 22700. ' USDINR at lifetime high @84.40 overall negative momentum.
NSE:NIFTYShort
by finvestalgo
1
BITCOIN FORMED BULLISH DIVERGENCE FUELING TO 75KScenario 1: CRYPTOCAP:BTC Moves Up with Strong Volume After a Rate Cut Bullish Divergence Support: The bullish divergence suggests that #Bitcoin is gaining strength, indicating a potential upward move. Volume Confirmation: If BTC moves up with solid volume post-rate cut, it could break through 74k and potentially head higher. Increased volume after the rate cut could be a sign that institutional or retail investors are confident in the rally, driving prices above previous resistance levels. Target: If this scenario plays out, BTC could surpass the 74k mark, especially if the broader market sentiment is favorable post-rate cut. Scenario 2: BTC Reaches 73k, Then Faces Another Correction Resistance at 73k: If BTC reaches 73k but struggles to break above it, this would indicate a strong resistance zone. A pullback could follow as the market hesitates or prepares for another consolidation phase. Correction Potential: In this case, CRYPTOCAP:BTC may correct before attempting another rally. This could be a short-term dip that sets the stage for a more significant breakout once the market rebalances. Target: If the price reaches 73k but can't break it, then a pullback would likely bring BTC back into a lower range for a while before making another attempt at the next breakout. Key Factors to Watch: 1. Volume: As you noted, volume is crucial. A strong volume push above resistance (like 73k) would favor Scenario 1. 2. Macro Events: The rate cut and overall macroeconomic factors could heavily influence the market. If the rate cut signals more liquidity or favorable conditions for risk assets like Bitcoin, Scenario 1 becomes more probable. 3. Market Sentiment: The overall sentiment in both crypto and traditional markets will play a role. If broader financial markets are stable or bullish, Bitcoin could push past the resistance levels. Ultimately, monitoring the price action around the 73k and 74k levels, as well as volume trends, will help clarify which scenario is more likely.
BINANCE:BTCUSD.PLong
by crypto_vulture_signals
India Inc Quarterly Earnings and Nifty Corelation We all know that our beloved NSE:NIFTY has shy of 1500 points in short time, falling from a cliff. Naturally people are eager to guess if the holy grail Bottom is there, or it will test the 4th of June Election Result Day low at least. Being a price action student, it's always good to look at the history and try to take a leaf out from it. Specifically, when I can recall what happened one year back in October 2023 where there were substantial FII selloffs before Q2 results (of FY 23-24). Of course there is a slight difference in the situation. Last year the moonsoon was not that good, this year above normal. So I took all the last 4 quarterly result and see what happened around these times in Daily timeframe. As it's evident: In 26/10/23 (Q2 results midway) there were a dip to 18850 level when RSI was at oversold region. Within next two months, the Nifty gave ~15% return. Again during 24th Jan'24 (Q3 results midway) there is a dip and then Nifty quickly recovered. Again during 19/04/24 (Q4/annual results midway), there is a dip and then again smart recovery. The things become even more interesting if we check the RSI beyond this point (last 6 months). Here are the obervations: 19th April'24, 9th May'24, 4th June'24, 5th Aug'24 - the RSI was at 40 level. Price were more or less around same/similar level. (Except Aug when Nifty was at 24000). Now the Nifty RSI was at 36. But the price is at 24800. It's indices Hidden Bullish Divergence My Expectation: There can be a little more dip (lets say another 150-250 points, at max 24550). Then Nifty starts recovering smartly and will try to reclaim the 25500 Resistance level. We shall see what will happen next. So essentially end of this week onwards expecting a 800/1000 points recovery, IMO. Seems too optimistic? May be .. lets see. Just sharing my personal views. End the day: Market is Supreme and Price Action is the King.
NSE:NIFTYLong
by pradipandsuvra
INTERGLOBE AVIATION (INDIGO)Technical: • After reaching a fresh high of near 5,000, the stock has reversed from that level, indicating a potential change in character, a term often used in technical analysis to denote a shift in trend or momentum. • The RSI (Relative Strength Index) has dropped below 50, signaling a potential weakness in momentum and a bearish outlook in the near term. • Support Levels: • Minor support is at 4,500, a level that may provide temporary relief. • Major support lies at 4,200, a critical level to watch if the weakness continues. Fundamental: • The escalating conflict between Israel-Iran has driven up crude oil prices due to concerns about supply disruptions. • As a major airline, IndiGo is sensitive to rising fuel costs, which directly impacts its operational expenses. The increase in crude oil prices might weigh heavily on the stock in the near term, adding to the existing technical weakness. • Given the geopolitical situation and its impact on crude prices, IndiGo could face additional selling pressure if oil prices remain elevated, further amplifying its decline. In summary, IndiGo is showing signs of technical weakness with bearish momentum indicators, coupled with fundamental risks tied to rising crude oil prices, which could lead to more downside pressure in the coming days. Keep an eye on the 4,200 level for strong support. View neglected if price breaks above 5,000 zone. #Indigo #stocks #investing #crudeoil #usoil #war #aviation
NSE:INDIGOShort
by karan_bagri
What is Rsi Indicator What Is the Relative Strength Index (RSI)? The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems. In addition to identifying overbought and oversold securities, the RSI can also indicate securities that may be primed for a trend reversal or a corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.
NSE:BANKNIFTYEducation
by EmpireCrown
Crossover Swing + Breakout Trade - HINDALCO📊 Script: HINDALCO 📊 Sector: Non Ferrous Metals 📊 Industry: Aluminum and Aluminum Products Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 Script is giving Cup & handle Pattern Breakout on daily chart. 📈 Already crossover in MACD. 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 66. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 717 🟢 Target 🎯🏆 - 810 ⚠️ Stoploss ☠️🚫 - 672 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:HINDALCOLong
by radha_23
Advanced Divergence Trading"Welcome to SkyTradingZone " Hello Everyone 👋 Video Information - Hello , Everyone lets start the Journey of Advanced Divergence Trading In this video, we are going to look at divergence. What is divergence? Divergence is basically when the market is creating higher highs and higher lows, and the RSI is creating the opposite. (Divergence can happen in both downtrends and uptrends.) ---------------------------------------------------------------- Q What divergence does, it's basically telling you that the trend is weakening. This is in a downtrend, and the RSI, the divergence, is basically telling you that this downtrend is weakening and there could be a possible reversal soon. So normally when divergence is happening, you normally see The market creates basically a curve. ---------------------------------------------------------------- Structure is always key It doesn't matter the strategy you use, structure is always key. So what you want to see is that breaker structure to say that the trend is changing because structure changed. Note- Normal Tip From our side try to learn Liquidity and order block
NSE:BANKNIFTYEducation
by SkyTradingZone
2
Union Bank of India- Weekly- Understanding RSIRelative Strength Index (RSI) is a momentum indicator. It shows overbought and oversold condition of a security or a index. Its interpretation is: 40 (oversold) and 60 (overbought) . In above weekly chart of Union Bank of India, you can see at encircled point it was in oversold zone in June 2022 and then it moved up. Presently, it is at 40 oversold zone and most likely it can take support from here. This is educational post and not any recommendation. It can be interpreted in different way also.
NSE:UNIONBANKLong
by PowerOfTA
1