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Freshworks: Why you should consider this company as a good buy.Hello, Today we shall be looking at Freshworks. Freshworks, Inc. is a software development company, which engages in software-as-a-service products. Its products include Fresh desk, Fresh service, Fresh sales, Fresh marketer, and Fresh team. You can find more details on the company here www.tradingview.com TECHNICAL ANALYSIS- Checklist Structure drawing (Trend line drawing on past price chart data)- As shown in chart below Patterns identification (Naming patterns on past price chart data for future wave)- The price is correcting & forming a flat pattern Future indication (Reading indicator for future wave)- 0 crossover on MACD Future wave (Drawing on future price chart using future indication from indicator)- As shown in the chart below Future reversal point (Identifying trend reversal point on price chart using structure)- Target at the top as shown This is as shown here: Third Quarter 2024 Financial Summary Results Revenue: Total revenue was $186.6 million, representing growth of 22% compared to total revenue of $153.6 million in the third quarter of 2023, and 22% adjusting for constant currency. GAAP (Loss) from Operations: GAAP (loss) from operations was $(38.9) million, compared to $(38.7) million in the third quarter of 2023. GAAP Net (Loss) Per Share: GAAP basic and diluted net (loss) per share was $(0.10) based on 302.1 million weighted-average shares outstanding, compared to $(0.11) based on 294.1 million weighted-average shares outstanding in the third quarter of 2023. Non-GAAP Net Income Per Share: Non-GAAP diluted net income per share was $0.11 based on 302.7 million weighted-average shares outstanding, compared to $0.08 based on 302.6 million weighted-average shares outstanding in the third quarter of 2023. Net Cash Provided by Operating Activities: Net cash provided by operating activities was $42.3 million, compared to $23.9 million in the third quarter of 2023. Free Cash Flow: Free cash flow was $40.1 million, compared to $22.1 million in the third quarter of 2023. Cash, Cash Equivalents and Marketable Securities: Cash, cash equivalents, and marketable securities were $1.05 billion as of September 30, 2024. To follow on company news see www.tradingview.com Our recommendation Freshworks is strategically positioned for future growth. Over the past five years, its revenue has consistently increased, and the company is showing promising signs of nearing profitability. Achieving profitability will unlock additional cash flow, enabling Freshworks to reinvest in its operations and expand into untapped markets, fueling long-term growth. From a technical analysis perspective, the stock has been consolidating in a sideways correction over the past two years, reflecting a period of accumulation. Recent momentum peaked in October 2024 and the stock rose over 50% in a few days, with clear indications of a potential breakout as investor interest intensifies. In the shorter timeframe, a minor correction appears currently underway, presenting an attractive entry point for new investors around the $15 level. With a medium-term target of $24, this setup offers a compelling opportunity for value-seeking investors looking to capitalize on Freshworks' upward trajectory. Our recommendation is a strong buy on this stock at the current areas with a target of $24 per share. Current price: $16.41 (11th December 2024)
NASDAQ:FRSHLong
by thesharkke
10
Upside price movement Can start in Hdfc Life insurance According to Elliott wave analysis, Price is all set to start its wave 3 till 1000rs first target. Fundamentals are supporting its technicals so its perfect time to buy in price range 620 to 650 Date 20 dec 2024 1=Balance sheet- good, 3 on 3 2= a= sales, profit- increasing, highest this year b= employee & staff expense- increasing c= interest- 0 d= profit before and after tax- highest 3= Investor - fii/dii are there, public has only 6% 4=Credit Rating = AAA 5= General details a= Market cap=1,33,600cr b= pe=79 ,median pe= 91, industry pe=53.4 c= ROCE=6.6 , ROE=11.4 , Debt = no Amazing Fundamentals.
NSE:HDFCLIFE
by mohitdevelopments
BTCUSD - Bitcoin's global uptrend is complete.BTCUSD - Bitcoin's global uptrend is complete. the global uptrend on Bitcoin (BTC) has come to an end. This point of view has caused an active discussion among traders and investors, especially after key support levels were broken and the market entered a prolonged correction phase. The main arguments of the “wave-watchers” Completion of the 5th Elliott Wave According to Elliott's theory, the global uptrend consists of five waves: three impulsive and two corrective. Some analysts argue that the fifth wave ended at Bitcoin's all-time high around $69,000 in 2021, after which a long correction cycle began. ABC-shaped correction development After the completion of the fifth wave, the market may form a correction in the form of three waves (ABC). Bitcoin's current dynamics, including the price decline in 2022, is seen as the realization of this correction structure. Loss of key support levels Levels that used to serve as strong support (e.g. $30,000 and $20,000) have been broken. This reinforces the view that the market is already out of its global bullish trend phase. Declining institutional interest Many large investors have slowed down their investments in Bitcoin, which also indicates a possible downturn in the long-term uptrend. What to expect next? Wave structure The current correction may be temporary and the market will enter a new phase of growth (the beginning of a new cycle of waves). Key levels to confirm the trend If the price comes back and consolidates above $30,000-$35,000, it will be a strong signal of bullish trend continuation. A move below $10,000 could confirm the end of the global uptrend. Long-term outlook Bitcoin is still an attractive asset to hedge, especially given its limited supply (21 million coins).
CRYPTO:BTCUSDShort
by Trade_Hive_Signals
1
Usoil trade WTI moves below 69.00, further downside seems possible due to stronger US Dollar West Texas Intermediate Oil price extends its losing streak for the fifth successive session, trading around $68.90 per barrel during the Asian hours on Friday. Crude Oil prices, denominated in dollars, are on track for a weekly decline due to a stronger US DollarCrude Oil, commonly known as petroleum, is a naturally occurring fossil fuel liquid composed of hydrocarbon underground deposits and organic materials. The prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China, Japan, Russia, and Germany are the countries consuming more oilCrude oil is classified into various grades according to density (heavy vs light) and sulphur content (sour vs sweet). The lighter and sweeter the crude, the higher the price it can be sold, because refiners can produce higher yield of high quality refined products from it. Density is measured by API gravity, a measure developed to compare the density of petroleum with water (API > 10 means the liquid floats on water) but is now widely used to compare among crude oils. API degree is inversely related to the density of crude oil. In general, crudes of API between 40-45 degrees can be sold at greatest commercial values
TVC:USOILShort
by KingForex078
Market Shifts To Risk-Off: Correction For Bitcoin To 85-90k.We are seeing significant flows since the Fed delivered a hawkish cut yesterday, with stocks turning sharply to the downside while the US dollar continues its recovery above 108. Another reason for this end-of-year shift could also be profit-taking, given the substantial gains in risk assets throughout the year, so traders see this as reason to exit, since FED expect less cuts next year. This shift into the US dollar and out of the stock market is also impacting cryptocurrencies. Bitcoin has turned perfectly downward from 108, which we tracked as an important resistance level in wave five of an extended wave three. Now that price turned down and broken the channel support line, it looks like an A-B-C correction is underway, likely targeting even lower levels. The key support zone for the current corrective fourth wave should be around the 84000–90000 area. This zone could provide the foundation for a potential new bullish resumption, aligning with the 38.2% Fibonacci retracement level. Broke through that zone will put bulls in some real trouble. Grega
BITSTAMP:BTCUSD
by ew-forecast
IREDA :High Voltage DramaIREDA Analysis (20th Dec 2024) The chart showcases a Bullish Flag Breakout , a golden retracement zone, and defined targets. Let’s analyze actionable insights and strategies. Current Structure: The stock has broken out from a bullish flag pattern, indicating a strong uptrend. Retracement to the green zone (191-204) is likely before continuing its rally. The first target zone is 243-248, with an extended target at 278. A stop-loss at 186 is set below the golden retracement zone. Action Plan: Buying Opportunity: Enter between 191-204 (retracement zone). This level aligns with Fibonacci retracement and prior resistance turned support. Targets: Partial profit booking near 243-248. Trail stop-loss to 220 for a move towards the extended target at 278. Stop Loss: Place below 186 to limit downside risk. Risk-Reward Ratio: Buying at 200 with targets at 243 and 278 offers a strong risk-reward of approximately 1:4. Key Educational Note: The breakout from a bullish flag pattern signifies continuation. Retracements are opportunities to enter the trend with limited risk. Disclaimer: This analysis is for educational purposes only. Always verify with a certified financial advisor. Like and share to support!
NSE:IREDALong
by LiveTradingBox
Phemex Analysis #45: Pro Guide to Enter ENA - The DeFi Giant!Ethena Labs, the force behind the ENA token ( PHEMEX:ENAUSDT.P ), is making waves in the decentralized finance (DeFi) space. Its synthetic stablecoin, USDe, recently became the third-largest stablecoin by market cap, marking a milestone for decentralized finance. Adding to this success, Ethena introduced USDtb, a stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). This strategic partnership bridges the gap between traditional finance (TradFi) and DeFi, offering a credible and secure platform for institutional investors to participate in the evolving digital asset space. ENA holders stand to benefit significantly from these developments. As the native token of the Ethena ecosystem, ENA is central to governance, stability mechanisms, and incentives tied to USDe and USDtb. With a growing ecosystem and increased adoption, ENA’s value proposition continues to strengthen, presenting a compelling opportunity for traders and investors. When to Enter ENA? The market for ENA/USDT is dynamic, influenced by broader crypto trends, including Bitcoin’s price movements. Key support levels offer potential entry points for different risk appetites: Weak Support: $0.90 This level might hold if Bitcoin maintains its current momentum. However, if Bitcoin drops to the $90,000 area, this support could break. Medium Support: $0.79 & $0.68 These levels present a higher probability of entry and are ideal for traders seeking to accumulate ENA while managing risk effectively. Strong Support: $0.60 & $0.50 If the market takes a bearish turn, these levels are likely where the price will stabilize, offering a safer entry for risk-averse investors. Entry Strategy for ENA 1. Placing Entries Near Support Levels Decide your risk tolerance and position accordingly: • For aggressive traders, consider entering at higher support levels, such as $0.90 or $0.79. • For risk-averse investors, place orders closer to $0.68 or the stronger supports at $0.60 and $0.50, though you may risk missing the entry if the price rebounds early. 2. Utilizing Scaled Orders on Phemex Phemex’s scaled order feature is an excellent tool for entering positions. For Example: If your target is the medium support range ($0.79-$0.68), set a scaled order to gradually accumulate ENA across this range. This approach minimizes risk while ensuring you don’t miss out entirely if the price rebounds from higher levels. Conclusion The recent positive developments surrounding ENA, including the success of USDe and the introduction of USDtb, highlight the token’s growing importance in the DeFi landscape. These innovations are likely to attract significant capital inflows, benefiting ENA holders as the ecosystem expands. By carefully selecting entry points and employing strategies like scaled orders, traders can position themselves to capitalize on ENA’s growth potential while managing downside risk. Whether you are a high-risk investor targeting immediate support levels or a conservative trader waiting for deeper corrections, ENA presents a compelling opportunity to participate in the DeFi revolution. Trade wisely and leverage these strategies to secure your place in the future of decentralized finance. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
How to Trade the EUR/USD Pair on December 20? Simple Tips The EUR/USD pair is trading around 1.0406, above 1/8 of Murray, and within the downtrend channel forming since November 29th. Yesterday during the American session, the euro reached the low of 1.0325 and covered the gap that it had left on November 20th around 1.0417. Since the euro is showing a slight recovery while consolidating above 1/8 of Murray, we could expect EUR/USD to reach 21 SMA located at 1.0465 and even climb to the 200 EMA located at 1.0576. Since the market is showing signs of overselling, it is likely that the euro will consolidate above 1.03 and below 1.05 due to low liquidity at the end of the year. Meanwhile, we will look for opportunities to buy within this range. A sharp break and consolidation above the psychological level of 1.05 and above 2/8 Murray could mean a strong recovery. Therefore, we expect the instrument to reach 4/8 Murray 1.0742 and even rebound to 1.0864.
Long
by CEO-PREMIUM-ANALYSIS