Best Stock Trading Ideas |BUY & SELL|25July

Bullish Trade: Ralph Lauren Corporation (RL) – 128.52

Best Stock Trading Ideas

Trade Details:

1. Reversing from a trendline resistance on a 15-minute chart time frame.
2. Price is resisting on the upper zone. It may break the resistance.
3. Wait to break the upper resistance zone. After that, we can see the 1st target of 130.50 and then 132+
4. RSI is in strong uptrend.
5. Trail your stop loss at entry price after getting a 1:1 risk reward.
6. Risk Reward 1:2 & 1:4
7. Ignore this trade in case of GAP Down opening, and also keep an eye on the overall market trend while entering into this trade.
   
   Trade, SL, and Target –

Entry = 180.80 (Only If triggered)

Stop Loss = 127.94

Target = 130.50 & 132.25

Please note: Don’t Trade this stock in case of GAP Down opening. RSI is currently at upperzone so, you can enter again if this stock goes up after touching the trendline support, and trail your stop loss at cost after getting 1:1 risk reward.

Breakout Trade: FLEETCOR Technologies, Inc. (FLT) – 251.75

Trade Details:

1. This stock is taking support at a lower zone, it may give a breakout from the trendline above 251.80
2. You can keep your target at 200 EMA which is also a resistance zone on the upper side around 254.50
3. RSI is in the Uptrend and trying to break the 54 resistance level of RSI
4. Trail your stop loss to the entry price after getting a 1:1 risk reward.
5. Risk Reward = 1:3.3
6. You can book half of your profit after achieving your first target.

Trade SL and Target –

Entry = Above 251.80

Stop Loss = 250.96

Target = 253.50 & 254.50 OR 200 EMA

Please note: Trade only if stock opens up flat and gives a breakout above 251.80. Ignore this trade in case of Gap Down opening. You can Re-enter in this trade above the trendline if it does not give breakout today

Long Trade: CF Industries Holdings, Inc. (CF) – 80.55

1. This stock is trading in a range-bound channel.
2. Currently, this stock is trading at the bottom of the channel, aiming to touch the upper channel resistance.
3. If it opens GAP DOWN, ignore this trade because it may fall very sharply.
4. RSI is above 50 and it takes support around 50 and goes up, You can look at RSI divergences in the attached chart image.
5. You can enter into this trade only if it starts trading above 80.72

Trade SL and Target –

Entry = Above 80.73

Stop Loss = 80.24

Target = 81.85

Please note: Ignore this trade in case of GAP down opening and enter in this trade only when price crosses 80.72. If market (Indices) opens negative today then do not prefer to trade on buy side (don’t trade against the trend)

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