Best Trading Ideas |BUY & SELL| 22 Feb -

BUY Trade: Paramount Global (PARA) – 11.80

Best Trading

Trade Details:

This stock is trading flat and preparing for good bounce from current levels.
If the market opens a Gap down then it may show correction in price otherwise it will bounce from current levels.
Ignore this trade if this stock doesn’t able to cross $12 levels or face resistance at that level.
RSI is in trading flat and consolidating in a range bound levels, it may shoot up soon to higher levels.
Trail your stop loss at entry price after getting a 1:1 risk reward.
Risk Reward 1:3.5+

Trade, SL, and Target –

Entry = 11.84

Stop Loss = 11.67

Target = 12.44

Please note: This stock has good upside potential, You can re-enter if it doesn’t workout in first trial.

This stock is trading at its lower channel and it will shoot up towards higher levels again above 42.50.
There is also a technical pattern breakout at this levels.
As soon as it crosses above its yellow trendline levels or our entry levels after that it will give a quick upside momentum.
Last candle on Daily chart seems very bullish from the current levels.
You can keep your stop loss strict, if you don’t want to take high risks then always trail your stoploss as the price moves forward.
RSI is in reversing from the oversold zone and sure it will come to higher levels again around 70-75.
There is also a very support zone on lower levels from where the stock is reversing.
Risk Reward = 1:3+

Entry = 42.50

Stop Loss = 42.05

Target = 43.44

Please note: You can hold this trade for few more days for bigger targets. It can go upto 47 within next 2 weeks.

This stock is trying to give a breakout from the upper trendline and it will move towards 29.50
This trendline has resisted so many times and now there is high chances of breakout.
If it sustain above its EMA levels which is acting as a resistance level then will see a higher levels.
Trade only above the entry point otherwise it may reverse to the lower levels or stuck in the same lower range.
RSI is trading at higher levels and it may give a small pullback and after that it will bounce again to higher levels.
Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk reward on your trade.
Risk Reward = 1:3

Entry = 257.54

Stop Loss = 255.17

Target = 264.65

Please note: It may give a good breakout so you can hold this trade with trailing stoploss for bigger target.

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