Best Stock Picks |BUY & SELL| 27 July

Short Trade: The Mosaic Company (MOS) – 40.46

Best Stock Picks

Trade Details:

1. If it breaks the trendline it may touch the lower support zone.
2. It has already made a continuous 7 green candle in the Daily time frame chart.
3. Wait for the confirmation of the trendline breakdown.
4. RSI is reversing from 70 levels in the daily time frame chart.
5. Trail your stop loss at entry price after getting a 1:1 risk reward.
6. Risk Reward 1:2.5
7. Ignore this trade in case of GAP Up opening.
   
   Trade, SL, and Target –

Entry = Below 40.32

Stop Loss = 40.65

Target = 39.50

Please note: Ignore this stock in case of GAP UP opening. Trail your Stoploss at cost after getting 1:1 Risk to reward.

Long Trade: Nucor Corporation (NUE) – 168.92

Long

Trade Details:

1. This stock is taking support at the trendline and it may bounce to the upper resistance zone.
2. Continuously increase in trading volumes
3. RSI is below 25 and it will bounce from here to the higher levels.
4. Trail your stop loss to the entry price after getting a 1:1 risk reward.
5. Risk Reward = 1:3
6. The upper rectangular zone is the high-resistance zone.

Trade SL and Target –

Entry = Above 169.34

Stop Loss = 168.44

Target = 172

Please note: You can hold this trade for the next trading session if it doesn’t hit our target today and trail your stop loss accordingly.

Bearish Trade: Best Buy Co., Inc. (BBY) – 84.22

1. Currently resisting at the lower trendline area.
2. If it breaks the lower support below 83.90 then it may go down to 82.80 and then 82.
3. If it opens GAP Up above the trendline ignore this trade.
4. RSI is in a negative trend.
5. Risk to Reward Ratio = 1:3.4

Trade SL and Target –

Entry = Below 84.23

Stop Loss = 84.52

Target = 82.80 & 82

Please note: Trail your Stop loss at cost when it touches 200 EMA or getting 1:1 risk reward.

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