Best Trading Stock Picks |BUY&SELL| 24 Nov.

Short Trade: HCA Healthcare, Inc. (HCA) – 253.01

Best Stock Picks

Trade Details:

1. There is a solid Resistance zone on the upper rectangular area around 250-252.
2. It may try to reverse from this resistance zone toward its lower EMA support around 245 levels.
3. This resistance levels were also acted for strong reversal thrice. So, stock may respect its resistance.
4. RSI is trading inn the overbought zone so it will try to reverse towards lower levels.
5. Trail your stop loss at entry price after getting a 1:1 risk reward or below 250 level.
6. Risk Reward 1:3.5+
   
   Trade, SL, and Target –

Entry = Below 253

Stop Loss = 255.22

Target = 245.60

Please note: Trade only when price cross downwards. in case of gap down opening wait for price to become bearish and trigger our entry price.

Long Trade: Incyte Corporation (INCY) – 53.40

Long

Trade Details:

1. This stock is consolidating at its lower levels and it may bounce with the positive market momentum.
2. There is a small range in which stock is trading from last few days, it may again try to go towards its upper resistance levels.
3. RSI had been trading flat from the last few days around 40. I think it will shoot up soon.
4. On the upper side its resistance range is there around 55 levels so try to exit at that levels.
5. Trail your stop loss to the entry price after getting a 1:1 risk reward.
6. Risk Reward = 1:3
7. If you want to trade with high confirmation then enter into the trade above its moving average line or above 53.82 level.

Trade SL and Target –

Entry = 53.60

Stop Loss = 53.20

Target = 54.80

Please note: If you want to enter into this trade with high confirmation then trade when it crosses above moving average line (53.82)

Bearish Trade: Marathon Petroleum Corporation (MPC) – 149.21

1. This stock is trading in a range so we are trading for a reversal from the upper channel band.
2. Stock is heading towards lower support level of 145.
3. Range is becoming narrow so be careful with the price action it may give a breakout or breakdown anytime.
4. A support zone is also available at the 150 levels which acted as a resistance zone earlier.
5. RSI is trading around 55 levels it may fall again to lower levels.
6. Risk to Reward Ratio = 1:2.5

Trade SL and Target –

Entry = 148.78

Stop Loss = 150.06

Target = 145.56

Please note: This trade will be executed only if it opens flat and make a negative price action. You can hold this trade for few days with trailing stoploss.

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