CVVUF-Odds Favor a Resolution to the Upside Barring an imminent or protracted recession, CVVUF looks ready to confirm a close out and above this massive bullish pattern
Technical Analysis
FHN: Bearish retest after channel break – more downside ahead?First Horizon Corporation is a regional U.S. banking company offering commercial, mortgage, and investment services. It operates mainly across the southern United States and is among the largest regional banks in its sector.
Technical Analysis:
FHN recently broke down from a long-term ascending channel and is now retesting the lower boundary as resistance. Price stalled near 18.65 with weakening bullish momentum. RSI is trending lower and volume on retest is soft. Key downside levels: 15.00, 13.50, and possibly 10.24 if weakness continues.
Fundamentals:
FHN faces headwinds from tightening monetary policy, rising credit costs, and profitability pressures. Regional banks are under investor scrutiny following sector instability. Latest earnings report showed declining margins and weaker guidance.
Scenarios:
Bearish bias – rejection at 18.65 → drop toward 15.00 → 13.50 → 10.24
Bullish reversal – break back above 18.65 → re-entry into channel toward 21.00+
$SHAK at a $80 support, buy areaHello, looking at the Daily and Weekly, the Elliot Wave seems to be finishing up and I think this name got sold off from highs like everything else but a good name nonetheless. Fundamentally and technically name looks good for long setup to the $90s then $100.
WSL
Ethereum Trades Sideways Testing Critical Support FenzoFx—Ethereum trades sideways, unable to surpass $1,690 resistance. Currently, it hovers at $1,565, testing this level as support.
The bearish trend persists below $1,755. Stabilization under $1,565 may lead to dips toward $1,470 and potentially $1,370 if selling pressure increases.
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Crude Oil AnalysisFenzoFx—Crude Oil started a bullish wave from $55.15, trading at around $62.20. Momentum slowed near $63.90 resistance.
The Stochastic Oscillator indicates short-term overpricing as Crude Oil remains below $63.90, keeping the bearish trend intact. Price may dip toward $58.90 support, with further pressure potentially driving it to $55.15.
If Crude Oil surpasses $63.90, the bearish outlook invalidates, targeting $65.10 resistance.
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GBPUSD: Intraday Bullish Move Ahead! 🇬🇧🇺🇸
I see 2 strong intraday price action signals
on GBPUSD on an hourly time frame.
The price formed a double bottom pattern after a test of the underlined support.
Its neckline and a resistance line of a falling channel were broken
with London session opening.
We can expect a bullish continuation now.
Goal - 1.3271
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#PARTIUSDT is showing signs of a reversal🚀 The price BYBIT:PARTIUSDT.P is showing signs of a reversal after a prolonged downtrend.
🚀 The scenario becomes more likely if the price holds above $0.1520 with increasing volume.
🚀 Watch for a breakout and confirmation above the $0.1500–$0.1520 zone — this would strengthen the bullish setup.
🚀 If volume picks up during the continuation of the move, a quick push toward $0.18 is possible.
📈 LONG BYBIT:PARTIUSDT.P from $0.1533
🛡 Stop loss: $0.1492
🕒 Timeframe: 1H
✅ Overview:
➡️ The price has broken out above the Bearish Flag, confirming a break in the downtrend structure.
➡️ The Double Bottom formation increases the likelihood of an upward move.
➡️ Entry at $0.1533 is just above the resistance zone and confirms the breakout.
➡️ The upward potential remains toward $0.1600 and beyond, aiming for the POC volume area.
🎯 TP Targets:
💎 TP 1: $0.1555
💎 TP 2: $0.1575
💎 TP 3: $0.1600
📢 Support zone: $0.1500–$0.1510 — must hold to maintain the bullish structure.
📢 If price consolidates above $0.1555, expect a potential acceleration toward $0.1600.
📢 A drop below $0.1492 invalidates the scenario — stop is mandatory.
🚀 BYBIT:PARTIUSDT.P breaks key level — bullish signal confirmed! Watch for continuation!
NZDCAD: Pullback Opportunity Within a Short-Term UptrendOANDA:NZDCAD after breaking out of the long term descending channel, a relatively clear short term uptrend structure has been established, reflected by the formation of higher highs and higher lows. Strong bullish momentum pushed the price close to the 0.8300 zone before entering a corrective phase.
Currently, price action is showing signs of a technical correction, with short term profit taking pressure pulling the price back toward a key support zone.
If the price corrects and holds the support area at 0.8100 to 0.8150, there is a high probability of a continued recovery. The near term target zone is 0.83044, and further out is 0.84043, where stronger supply might emerge. In the event that this support breaks clearly, the uptrend will temporarily lose validity and the risk of returning to the previous descending channel will increase.
Remember to always confirm your setup and apply proper risk management.
Best of luck!
Waaree Energies Ltd (WRTL)🛒 Buy Recommendation
Buy Zone: ₹2,180–₹2,230
The stock is trading close to a support zone near the 23.6% Fib level (₹2,305) and trying to break out of the falling trendline.
RSI has bounced from the oversold region and is near 50, indicating a possible reversal.
🎯 Targets (Short to Medium-Term)
Target 1 – ₹2,585 (38.2% Fibonacci level)
Target 2 – ₹2,810 (50% Fibonacci level)
Target 3 – ₹3,036 (61.8% Fibonacci level – major resistance)
Swing Target – ₹3,766 (100% Fibonacci level – recent high)
🛑 Stop Loss
SL: ₹2,050 (Below recent swing low & below trendline support)
Risk is around ₹180 from entry; ideal for a reward of 1.5x–3x on targets.
🔎 Additional Technical Signals
Volume: Increasing volume on green candles shows buying interest.
RSI: Forming a bullish divergence and heading upward.
Breakout Point: A daily close above ₹2,305 would confirm a breakout of the trendline and strengthen the bullish case.
for educational purposes only
Sanathan Textiles | Breakout After Rounded Bottom Setup Overview:
The stock has formed a rounded bottom pattern, indicating accumulation and a potential breakout.
Strong bullish weekly candle with a 10% gain and breakout above resistance box.
RSI showing an upward breakout from oversold zone = bullish momentum building.
Recommendation
Buy Zone: ₹410–₹420 (current market price ₹417.60)
Stoploss: ₹378 (below last higher low and box bottom)
Target 1: ₹480
Target 2: ₹525
Target 3 (swing): ₹600+
⏳ Ideal for swing to medium-term traders (1–8 weeks holding time).
for educational purposes only
#NIFTY Intraday Support and Resistance Levels - 17/04/2025Slightly gap down expected in nifty. After opening if nifty sustain above 23300 level then expected nifty will consolidated between 23300 to 23500 level in today's session. Any strong rally in index only expected breakout of this level. Strong upside rally expected if nifty starts trading above 23500 level in today's session.
Nightly $SPY / $SPX Scenarios for April 17, 2025🔮 🔮
🌍 Market-Moving News 🌍:
🇪🇺 ECB Expected to Cut Rates Amid Trade Pressures: The European Central Bank is anticipated to reduce its deposit rate by 25 basis points to 2.25% during its meeting on April 17. This expected move aims to counteract the economic impact of recent U.S. tariffs and a strengthening euro, which have contributed to disinflationary pressures in the eurozone.
📉 German Inflation Decline Supports Easing: Germany's inflation rate fell more than expected in March, dropping to 2.3% from 2.6% in February. This decline, driven by falling oil prices and a sluggish economy, bolsters the case for further interest rate cuts by the ECB.
🤖 AI Enhances ECB Policy Predictions: A study by the German Institute for Economic Research indicates that artificial intelligence significantly improves the accuracy of forecasting ECB monetary policy decisions. By analyzing ECB communications, AI models can better anticipate policy shifts.
📊 Key Data Releases 📊
📅 Thursday, April 17:
🏠 Housing Starts (8:30 AM ET):
Forecast: 1.420 million
Previous: 1.501 million
Indicates the number of new residential construction projects begun, reflecting housing market strength.
🏭 Philadelphia Fed Manufacturing Survey (8:30 AM ET):
Forecast: 3.7
Previous: 12.5
Measures manufacturing activity in the Philadelphia region, providing insights into sector health.
📈 Initial Jobless Claims (8:30 AM ET):
Forecast: 223,000
Previous: 223,000
Reports the number of individuals filing for unemployment benefits for the first time, reflecting labor market conditions.
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Micron Technology - The Chart Is Still Perfect!Micron Technology ( NASDAQ:MU ) will reverse right here:
Click chart above to see the detailed analysis👆🏻
If you actually want to explain technical analysis to somebody, just show them the chart of Micron Technology. Almost every structure makes perfect sense, with this stock respecting all major trendlines and horizontal levels and with the current support area, the bottom is now in.
Levels to watch: $70, $210
Keep your long term vision,
Philip (BasicTrading)
FUN/USDT In an Uptrend, Watching for Correction at Key SupportFUN/USDT has been in a solid uptrend, but we are now seeing a correction phase. The price is approaching a critical support zone around 0.007460, where previous price action has shown both support and resistance. This level is important to watch, as it could provide a potential buying opportunity if price reacts here. A break below could suggest further downside, but if support holds, a bounce toward the recent highs is possible. Monitoring closely for confirmation at this key level.
NASDAQ Potential DownsidesHey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 19200 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 19200 support and resistance area.
Trade safe, Joe.
GBPUSD Potential UpsidesHey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.32300 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.32300 support and resistance area.
Trade safe, Joe.
EURJPY Potential DownsidesHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 162.100 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 162.100 support and resistance area.
Trade safe, Joe.
BITCOIN Supply Demand Short ALERT1) See picture for full analysis...
Higher Timframe:
-Price inside supply
-Trend = downtrend
-Stochastic RSI overbought
Lower Timeframe:
-Need break to break support + break upward trend-line + quality supply created.
- IF price does the following then possible pullback for short OR look for scalp/day-trade shorts
to the downside with 1TF setups.
#supplyanddemand #supportandresistance
Sundaram Finance | Falling Wedge Breakout with Strong Volume Pattern: Falling Wedge breakout followed by consolidation (bullish continuation).
Breakout Confirmation: Clean breakout from both the wedge and the consolidation box with strong volume.
Indicators:
Volume: Spike visible (🔵 arrow) – confirming strength.
RSI: Crossed above 60 – entering bullish momentum territory.
EMAs: Price trading above all major EMAs – trend supportive.
Buy Recommendation:
Entry Range: ₹340–₹350
(Post-breakout retest may offer ideal entries if available)
🎯 Target Levels:
Short-Term Target: ₹375
Mid-Term Target: ₹410–₹425
(Based on previous swing highs and wedge height projection)
🛑 Stop Loss:
SL Level: ₹320 (below the consolidation box low)
for educational purposes only
ICICI Prudential Life – Turning the Corner?After months of steady decline inside a falling channel, ICICI Prudential Life is showing early signs of reversal. The stock has recently broken out of its channel with a strong bullish weekly candle, closing at ₹571.70 with a +4.5% gain. Volume is picking up, and RSI is curling up above 40 with a bullish divergence—indicating momentum is building. Price is now near a key resistance zone (~₹590–₹610); a clean breakout here could confirm trend reversal.
📊 Financial Snapshot
Net Premium Income: ₹10,169 Cr vs ₹9,465 Cr ⬆️
PAT: ₹226 Cr vs ₹221 Cr (flat YoY)
VNB Margin: Healthy at 26.7%
Embedded Value: ₹47,020 Cr
Solvency Ratio: Strong at 211%
AUM: ₹2.88 Lakh Cr
💡 Why Consider Buying?
Reversal setup after long correction
Attractive risk-reward near base
Steady premium growth, strong solvency
Long-term growth play on India’s underpenetrated life insurance sector
🚫 Risks / Why to Wait:
Resistance at ₹590–₹610 still intact
PAT growth has been flat
Sector sentiment can be sensitive to interest rate trends
🎯 Trade Setup:
Buy Zone: ₹565–575
Target 1: ₹610
Target 2: ₹660
Stop Loss: ₹540
for educational purposes only
Bearish Momentum Eases at 141.70 Support in USD/JPYFenzoFx—The USD/JPY currency pair resumed its bearish trend after breaking below 144.56 but steadied at the 141.70 support level. Indicators show sideways movement, reflecting a lack of momentum.
With the price below the 50-period moving average, the bearish outlook persists. If the pair stabilizes below 141.70, the downtrend may deepen, while surpassing 144.56 could pave the way for a rise toward 148.20.
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USDCHF: Your Next Bearish Signal 🇺🇸🇨🇭
USDCHF is consolidating after a massive selloff that we saw last week.
The price formed inside bar candlestick pattern and is currently
stuck within the range of the mother's bar.
Your next confirmation to sell will be a violation and a candle close
below 0.8098.
With a high probability, the pair will continue falling then
and reach at least 0.8 psychological level.
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EUR/USD Pullback Within Uptrend – Eyeing 1.1600OANDA:EURUSD is currently moving within a clear ascending channel. After a strong rally, the price is now undergoing a slight correction and may continue to decline toward the support zone around 1.1100.
At this level, if a reversal signal appears, the price may bounce back in line with the main trend, aiming for the 1.1600 target above, which is both a psychological resistance area and the upper boundary of the channel.
Remember, always confirm your setups and use proper risk management.
