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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
USD/JPY Daily & H4 Analysis: Sell Setup Near Strong Supply ZoneOn the Daily timeframe, USD/JPY is currently trading near a strong Supply zone around 149.50 - 150.00, which has previously acted as a significant resistance level. This area is historically known for providing strong selling pressure, making it a potential zone to watch for bearish opportunities. Technical Insights: Daily Supply Zone: Price is testing a critical supply area, indicating that the upward momentum may be stalling as it approaches this resistance. The previous interactions with this zone have resulted in price rejections. Bearish Divergence on H4: On the H4 timeframe, the Awesome Oscillator (AO) is showing bearish divergence. While price has been making higher highs, the AO is printing lower highs, signaling weakening buying momentum and increasing chances of a reversal. Trade Plan: Entry: Look for a bearish reversal pattern (e.g., bearish engulfing, pin bar) on lower timeframes (H4 or H1) to confirm entry. Ideally, wait for a strong rejection from the supply zone. Stop Loss: Above the 150.00 level, just beyond the supply zone, to minimize risk from potential false breakouts. Target: Initial target around 148.00, with potential to extend toward 147.00 if momentum continues in favor of sellers. This setup aligns with both technical signals and price action, offering a good opportunity to short the pair if the conditions are met. FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY
Short
by Trading_Zone_3773
GU: Buy Setup Near Strong Demand Zone Amid USD WeaknessWith Hurricane Milton approaching the U.S., there’s a high probability of the U.S. Dollar (DXY) weakening due to economic disruptions and market uncertainty. This sets the stage for potential bullish movements in GBP/USD, particularly as the pair approaches a key support/demand zone on the Daily chart around 1.3030 - 1.31. Key Technical Insights: Daily Support/Demand Zone: On the Daily chart, GBP/USD is testing a critical support zone, which has historically provided strong buying interest. The presence of this demand zone suggests that price may bounce back if supported by technical confirmation. Bullish Divergence on H4: On the H4 timeframe, a clear bullish divergence is forming with the Awesome Oscillator (AO). While the price is making lower lows, the AO is creating higher lows, indicating that selling pressure is weakening and a reversal could be near. Trade Plan: Entry : Look for confirmation with a bullish reversal pattern such as a bullish engulfing candle or a pin bar in the support zone before entering. Stop Loss: Set your stop loss below the support at 1.30 to protect against false breakouts. Target: Initial target around 1.33, with potential to extend higher if the bullish momentum continues. This setup aligns with both technical and fundamental drivers, making it a strong candidate for a buy if the market conditions confirm the reversal. FX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD
Long
by Trading_Zone_3773
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
SAIL 1DSwing Trading Setup for SAIL 1. Support and Resistance Zones: Support Zone: ₹127 - ₹132 (highlighted in the Gray box in the image). Resistance Levels: ₹144 (nearest resistance where the price is reacting now). ₹155 (next major resistance level). ₹176 (long-term resistance). 2. Current Price Action: The price is currently trading near the ₹141 level, facing resistance around ₹144 after a recent breakout from the ₹137.71 area. 3. Setup Logic: Entry: Look for a pullback to the ₹137.71 level or a breakout above the ₹144 resistance. If the price pulls back, wait for a bullish reversal signal around ₹137.71 before entering. Alternatively, if the price breaks above ₹144 with strong momentum, consider entering on the breakout with volume confirmation. Stop Loss: For a pullback entry, place the stop loss below ₹136 to give the trade some room. For a breakout trade, place the stop loss slightly below the ₹144 resistance (around ₹142) Take Profit: The first target can be set at the ₹155 resistance. The second target could be ₹174-₹176 for a longer-term swing. Risk-to-Reward: Ensure at least a 1:2 or 1:3 risk-to-reward ratio. If entering near ₹137 with a stop loss at ₹136 and a first target at ₹155, you would aim for a reward of ₹18 while risking ₹1 (R of 1:18). 4. Additional Confirmation: Use an oscillator like RSI or Stochastic to check for overbought/oversold conditions. Volume spike during the breakout or at the support level will add confirmation to the setup. Summary: Entry: Around ₹137.71 on a pullback or above ₹144 on a breakout. Stop Loss: ₹136 (for pullback), ₹142 (for breakout). Targets: ₹155 and ₹174-₹176. Risk Management: Use at least a 1:2 risk-to-reward ratio.
NSE:SAILLong
by vinitsugandh
Now the question is what could be the next support?The Nifty 50 experienced a significant drop recently, closing at 24,852.15 on 26 August 2024, before bouncing back to a lifetime high of 25,430.45 on 13 September 2024. Despite the fall, technical indicators currently suggest a positive trend, with many showing a "Strong Buy" signal. Moving averages (MA) across various timeframes such as 5, 10, 20, and 50 periods continue to show a bullish outlook, indicating strong support levels around 24,950-25,050 and resistance near 25,500-25,550. The Relative Strength Index (RSI) is at 59.34, suggesting that the market is neither overbought nor oversold, and the Moving Average Convergence Divergence (MACD) is also showing a positive trend. The overall market sentiment remains strong, but there are signals of overbought conditions with the Stochastic Oscillator at 99.573 In terms of support, the key levels to watch are 25,150 and 24,950, while immediate resistance lies near 25,500-25,550. Thus, the trend still leans upward, though caution is advised as volatility remains high. The next few sessions will be crucial to confirming if the trend remains bullish or if we might witness a deeper correction.
NSE:NIFTY
by riticonsultancy
Now the question is what could be the next support?The Nifty 50 experienced a significant drop recently, closing at 24,852.15 on 26 August 2024, before bouncing back to a lifetime high of 25,430.45 on 13 September 2024. Despite the fall, technical indicators currently suggest a positive trend, with many showing a "Strong Buy" signal. Moving averages (MA) across various timeframes such as 5, 10, 20, and 50 periods continue to show a bullish outlook, indicating strong support levels around 24,950-25,050 and resistance near 25,500-25,550. The Relative Strength Index (RSI) is at 59.34, suggesting that the market is neither overbought nor oversold, and the Moving Average Convergence Divergence (MACD) is also showing a positive trend. The overall market sentiment remains strong, but there are signals of overbought conditions with the Stochastic Oscillator at 99.573 In terms of support, the key levels to watch are 25,150 and 24,950, while immediate resistance lies near 25,500-25,550. Thus, the trend still leans upward, though caution is advised as volatility remains high. The next few sessions will be crucial to confirming if the trend remains bullish or if we might witness a deeper correction.
NSE:NIFTY
by riticonsultancy