Best Stock Picks |BUY & SELL| 12 Oct

Short Trade: Eli Lilly and Company (LLY) – 605.21

Best Stock Picks

Trade Details:

1. It will open Gap Up around 610, wait for entry below 608.50
2. This is trading around the upper resistance zone from where it may reverse.
3. Trail your Sl at entry price when it touches 600 level.
4. If you trade for high accuracy then wait for the price to go below 605.
5. RSI is reversing from 80 levels which was in the overbought zone.
6. Trail your stop loss at entry price after getting a 1:1 risk reward.
7. Risk Reward 1:5
   
   Trade, SL, and Target –

Entry = 608.35

Stop Loss = 612.60

Target = 586.5

Please note: This stock may open Gap up, enter into a trade when it crosses downwards our entry price.

Long Trade: NVR, Inc. (NVR) – 6177.15

Long

Trade Details:

1. This stock has given a small breakout in the last green candle.
2. It may try to hit the upper resistance channel.
3. NVR stock is in a strong uptrend.
4. RSI is good & taking support at lower levels, it may shoot up soon.
5. Don’t trade in case of a gap-down opening.
6. Risk Reward = 1:3
7. If market sentiment is negative then trade in half Quantity.

Trade SL and Target –

Entry = Above 6185

Stop Loss = 6150

Target = 6290

Please note: Trade only if it opens up flat and crosses upwards & triggers our entry price.

Bearish Trade: Regeneron Pharmaceuticals, Inc. (REGN) – 836.07

1. Currently resisting at the very strong upper resistance zone.
2. This Trade may reverse from the upper resistance levels and it may fall downwards.
3. It will try to fall toward its 200 EMA which will act as a support zone.
4. If it opens GAP Up between the triangular range then ignore this trade.
5. RSI is flat and looking slightly bearish heading towards the bottom.
6. Risk to Reward Ratio = 1:3

Trade SL and Target –

Entry = Below 834.38

Stop Loss = 839.70

Target = 818

Please note: Don’t Trade this stock it it consolidates at the upper resistance, enter only when it breakdown 834.

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