Bullish Trade: Comerica Incorporated (CMA) – 44.20
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Trade Details:
- Trading in the support area zone. It may reverse to the upper trendline.
- As it crosses the rectangular box, it will become more bullish.
- RSI is reversing from the oversold area, it can bounce very quickly above 40 (bullish divergence)
- Trail your stop loss at entry price after getting a 1:1 risk reward.
- Risk Reward 1:2.5+
- When you are entering into this trade look at the overall market trend. If the market trend is negative then ignore this trade.
Trade, SL, and Target –
![](https://desieconomist.com/wp-content/uploads/2023/09/cma-14-1024x454.png)
Entry = Above 44.60
Stop Loss = 43.74
Target = 46.90
Please note: If this stock crosses towards downside the rectangular zone then this may become negative. So, keep the SL strict.
Buy Trade: Morgan Stanley (MS) – 87.25
Trade Details:
- Crossing the 200 Day EMA which is a bullish sign for this stock.
- You can keep your stop loss below the last candle low.
- RSI is very bullish and gives a breakout above 50
- MS is trading in a channel and we enter for the upmove till upper trendline resistance zone.
- Formation of double bottom on the daily chart.
- Trail your stop loss to the entry price after getting a 1:1 risk reward.
- Risk Reward = 1:2.3
![](https://desieconomist.com/wp-content/uploads/2023/09/MS-14-1024x456.png)
Trade SL and Target –
Entry = Above 87.82
Stop Loss = 85.98
Target = 92
Please note: EMA acts as a resistance zone. If this stock falls sharply after GAP UP then wait for entry to cross upside EMA.
Long Trade: Mettler-Toledo International Inc. (MTD) – 1126.97
- This stock is now trading at the lower support zone.
- It is reversing from a support area of 1100.
- As it went very far from its EMA, it will come close to its moving average.
- After a BIG BAR candle formation it is consolidating and may break out very soon above the consolidation phase.
- RSI is looking bullish because it is reversing from the bottom support zone and oversold zone.
- 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 = 1:2.8
![](https://desieconomist.com/wp-content/uploads/2023/09/mtd-14-1024x454.png)
Trade SL and Target –
Entry = Above 1132.21
Stop Loss = 1119.22
Target = 1169
Please note: This stock is in the consolidation phase so Trade only when it crosses last day high for a quick & big upmove.
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