Best Stocks to Trade |BUY & SELL| 06 Dec.

Bearish Trade: Elevance Health, Inc. (ELV) – 482.40

Best Stocks Bearish

Trade Details:

Bearish Trade

1. Facing resistance from the current levels more than thrice so it may show reversal now.
2. If it shows a reversal then it will pulldown towards its lower support around 470 levels.
3. There is also a trendline breakdown below 480 so you can enter below 480 for more confirmation.
4. The last upper swing will act as the stop loss and resistance. So trade accordingly with strict stoploss.
5. RSI is sloping towards lower levels. It may go towards oversold zone.
6. Keep your SL strict and trail accordingly.
7. Risk Reward 1:2.8
   
   Trade, SL, and Target –

Entry = 481.95

Stop Loss = 486.02

Target = 470.50

Please note: If this stock starts trading above the last upper swing then must exit because it may reverse very sharply. And for trade with high confirmation short below its 480 levels.

Bullish Trade: Deere & Company (DE) – 361.14

Trade Details:

1. This stock is reversing towards higher levels and it will try to touch its upper trendline levels.
2. Currently trading at its lower support zone so we are expecting a bounce towards higher levels.
3. There is also a hammer like candle at bottom which indicates the upcoming bullishness in the stock.
4. Price is respecting its lower last swing at every pullback which indicates the high demand at this price.
5. RSI is also in the bullish trend and it is trading flat for now but may give a reversal soon.
6. Trail your stop loss to the entry price after getting a 1:1 risk reward.
7. Risk Reward = 1:4

Trade SL and Target –

Entry = 361.50

Stop Loss = 357

Target = 374

Please note: Trade if it starts crossing upward and making a pattern like a swing low around current prices.

Long Trade: Plains All American Pipeline, L.P. (PAA) – 15.51

1. Last trading day it showed a very big upside and now we are planning for a breakout.
2. There is a very bullish candle called hammer candle and it will in a a strong uptrend.
3. This chart looks like it will hit the upper levels of 85 as soon as it crosses above 80.45
4. Trade only if this stock opens flat and gives upside momentum otherwise it may start pulling down to lower support.
5. RSI is trading flat it will give a reversal and shoot upto 75 levels.
6. Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk-reward on your trade.
7. Risk Reward = 1:4.5+

Trade SL and Target –

Entry = 15.52

Stop Loss = 15.45

Target = 15.86

Please note: Don’t enter into this trade if it breaks down the trendline and not reverse from current levels.

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