Long PAG CMP $100.54. Trading above 50 EMA. Uptrend continuation. Broke out from cup and handle pattern. Possible targets $112.35
Short $NFE CMP $27.01. Trading below 50 EMA. Downtrend continuation. Possible short target $18
Long $ET CMP $9.40. Trying to claim that 50 EMA. Expecting uptrend to continue. Major resistance ~9.75 area. Possible target $11.55
Long $GLBE CMP $74.64. Possible triangle breakout. Will create new all time high soon. MACD turning positive. Trading above most of the moving averages.
Long $AMEH CMP $99.94. Possible cup and handle breakout. Resistance ~$99. Will reach new all time high in coming days on breakout. Positive MACD. Good volume. Trading above all the moving averages. Wait got daily candle to cross and close above resistance area. Target ~$114
Long $L_TFH CMP ₹94.35. Testing resistance. Forming nice cup pattern. May retest ₹92 level before break out. Major resistance ~₹99 May test previous high in coming days. Target 1 ~₹99 Target 2 ~₹114 Stop Loss ~₹90
Long $DRREDDY CMP ₹4958.70. Testing resistance. Failed to follow thru last time. Mini cup and handle pattern. Earning expectation could take price back to previous highs. Resistance ~₹4972 Target 1 ~₹5436 Target 2 ~₹5594 Stop Loss ~₹4824
Long $RBLX CMP 77.28. Nice consolidation in symmetrical triangle. Sitting at nice support of $75-$77 area. Expecting breakout soon. Target 1 $90, Target 2 $100
Short $LOGI CMP $95.31. 50 EMA rushing towards 200 EMA, a sign of downtrend continuation. MACD histogram is negative. May bounce a little before further downtrend. Currently trading below 200 EMA. Support ~$88-91. Resistance ~$115-117.
Long TQQQ CMP $142.44. Support around $135-138 area. Would be interesting to watch whether it would break 50 EMA or bounce back
Long $SPY CMP $434.70. $SPY trading below 50 EMA. I am long on $SPY, expecting it to bounce above 50 EMA after VIX goes below upper BB level. Would be interesting to see the tug of war between bulls and bears in coming days.