Best Stock Picks |BUY & SELL| 01 Nov -

Short Trade: Arthur J. Gallagher & Co. (AJG) – 235.49

Best Stock Picks

Trade Details:

This is the third time facing resistance of the upper levels of 237.
This reversal level is an important zone for this stock from where it always reverses.
There is a lower trendline support zone where the stock price is heading towards.
If you trade for high accuracy then wait for the breakdown confirmation below 234.84
RSI is resisting the upper resistance zone, it may reverse from the current levels towards 35 to 40.
Trail your stop loss at entry price after getting a 1:1 risk reward.
Risk Reward 1:3.5

Trade, SL, and Target –

Entry = 234.84

Stop Loss = 236.92

Target = 227.55

Please note: Only trade when it reverses from the upper levels and ignore if it goes above the upper resistance.

Long

This stock may reverse from the current levels as it acts as a trendline resistance.
Already shows a high stretch from the lower levels.
Currently, it is at upper trendline resistance from where the stock reverses 6th time.
RSI seems like changing its trend from 60 to lower levels.
Don’t trade in case of GAP Up opening above the trendline.
Risk Reward = 1:2.5

Entry = 189.28

Stop Loss = 190.37

Target = 186.54

Please note: If you want to trade with more conformity then enter into trade below its EMA levels.

The stock has a strong breakout above the trendline and is already in a bullish momentum.
There is also a small support line which gives a holding position in a bearish market.
If it breaks the lower range support, below 30.5 then it may fall sharply.
If it closes in profit then you can also hold this trade for a longer duration.
RSI is flat and looking bullish for the upcoming days.
Risk to Reward Ratio = 1:3

Entry = 30.88

Stop Loss = 30.65

Target = 31.57

Please note: Don’t ignore the overall market sentiment and must exit below the trendline.

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

My best read on trading is this Book