Best Stock Picks |BUY & SELL| 04 Oct -

Short Trade: United Parcel Service, Inc. (UPS) – 153.75

Best Stock Picks

Trade Details:

Facing resistance of the upper trendline.
There is also a previous support zone which acts as a resistance zone.
There is a psychological zone around 150 towards which the price will fall.
If you trade for high accuracy then wait for the confirmation of the last swing of 153
RSI is resisting the upper resistance zone, it may reverse from the current levels.
Trail your stop loss at entry price after getting a 1:1 risk reward.
Risk Reward 1:4

Trade, SL, and Target –

Entry = 153.70

Stop Loss = 154.30

Target = 151.22

Please note: Trade only when it crosses downwards our entry price and must exit above the trendline.

Long

This stock may reverse from the current levels as it acts as a support zone.
It may try to retest the 200 EMA levels.
There is an upper trendline resistance which will be retested.
RSI is an oversold zone, it will bounce toward upper levels.
Don’t trade in case of GAP DOWN opening.
Risk Reward = 1:4+
If market sentiment is negative then trade in half Quantity because it is also a high risk-reward ratio trade.

Entry = Above 31.42

Stop Loss = 31.20

Target = 32.43

Please note: Don’t Trade below the last lower swing (below 31) and if it opens very big Gap Up.

Currently resisting in the limited trading zone.
This Trade may give a breakout or breakdown, we trade with the market sentiment and technical pattern.
If it breaks the lower range support, below 499
If it opens GAP Up above the 502 then it may give a breakout.
RSI is flat and looking slightly bearish but it may break any side.
Risk to Reward Ratio = 1:2.5

Entry = 499.45

Stop Loss = 502.75

Target = 491.15

Please note: It may be a breakout stock on the upside because it is trading in a range so it will give a breakout above the range.

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