Top Trading Ideas |BUY & SELL| 24 July

Sell Trade: Boston Properties, Inc. (BXP)– 63.36

Trade Details:

1. Reversing from a trendline resistance on a daily chart time frame.
2. This REIT is trading in a range.
3. Wait to break the lower trendline support. After that, we can see fast selling pressure.
4. RSI is in a downtrend at 45.
5. Trail your stop loss at entry price after getting a 1:1 risk reward.
6. Risk Reward 1:3
7. When you are entering into this trade look at the overall market trend. If the overall market trend is negative then this trade will become a high-probability trade.
   
   Trade, SL, and Target –

Entry = Below 62.94

Stop Loss = 63.55

Target = 62 & 61.05

Please note: You can enter into this trade when it breaks down the trendline. It can reverse from the lower trendline. So, be alert when it touches the trendline, and enter into a trade only if it breaks down with the overall market sentiment is negative.

Breakdown Trade: Hasbro, Inc. (HAS) – 63.95

Trade Details:

1. This stock is trading in a range and it may give a Symmetrical Triangle Breakdown.
2. You can keep your stop loss at 200 EMA line after you will entered into trade.
3. RSI is in the downtrend and reverses from the upper zone.
4. Trail your stop loss to the entry price after getting a 1:1 risk reward.
5. Risk Reward = 1:2+

Trade SL and Target –

Entry = After Breaking Trendline

Stop Loss = 200 Exponential Moving Average (EMA) or 0.50%

Target = 1.25% after breaking Trendline

Please note: Observe the market sentiment and enter accordingly. Most probably it may break down because this stock spent most of the time around its support zone which shows more sellers are attracted.

Long Trade: The AES Corporation (AES) – 22.49

1. This stock has already given a breakout.
2. You can re-enter in this stock again if it hits stop loss first and then cross our entry price because it may retest the breakout level.
3. This breakout is on the Daily Time Frame Chart.
4. RSI is in the uptrend and it may touch the 70 to 75 levels. The current RSI level is 64
5. You can Ignore this trade in case of Big GAP down or if it opens below trendline with the negative market sentiment.

Trade SL and Target –

Entry = Above 22.57

Stop Loss = 22.24

Target = 23.38

Please note: This stock is given a breakout and you can enter twice if it hits Stop loss in the first trade, ensure that in the second entry, the stock is coming after the retest of the trendline or its breakout level.

To get regular updates on stocks, please join our Discord community.

Our Articles on Long-Term Stock Analysis

My best read on trading is this Book