Become a logicalchat Member

Latest Post

Stocks to Watch: Top Tobacco Stocks Worth Keeping an Eye on Despite Industry Hurdles

Stocks to Watch: Zacks Tobacco industry players are experiencing increased soft cigarette sales due to inflation, changing consumer habits, and stringent regulations. Despite increased...

Your story starts here. Sign up and let's connect in ways that truly matter!

HomeUncategorizedBest Stocks Of The Day |BUY & SELL| 11 July

Best Stocks Of The Day |BUY & SELL| 11 July

Bearish Trade: Marketaxess Holdings Inc (MKTX)

Trade Details:

  1. High volume selling.
  2. RSI is showing a very bearish signal
  3. In case of a Gap up or Gap Down opening, Do not enter into the trade this may be risky according to our Risk reward.
  4. Risk-Reward Ratio = more than 1:2
  5. Enter after crossing the entry price.
  6. You can enter again in the trade if it crosses the entry-level after hitting a stop loss

Trade, SL, and Target –

Entry = 246.33

Stop Loss = 248.41

Target = 242

Please note: Please make sure not to enter into a trade in case of a Gap-Up opening or Gap down opening. If this stock opens flat and makes a breakdown only then enter into the trade.

Bullish Trade: Mohawk Industries, Inc. (MHK)

Trade Details:

  1. Last closing above 200 EMA
  2. RSI is at 64, and it is in an upward trend
  3. It has been trading around the high resistance zone and may change its trend downward if it opens Gapdown.
  4. Risk-Reward = 1:2, it may touch a higher level but don’t forget to trail your stop loss accordingly

Trade SL and Target –

Entry = Above 107.52

Stop Loss = 106.68

Target = 109.80 and 114 (in this week)

Please note: Don’t trade in case of a Gap up or Gap down opening. Trade will be executed only if it opens flat and breaks the price in an upside direction or when it breaks the previous day’s high.

Long Trade: Norfolk Southern Corporation (NCS)

Trade Details:

  1. It is above 200 EMA and tries to break out after a few halt trading sessions.
  2. It may pause for a few more days but now market sentiments support this stock uptrend
  3. Better for intraday only, Don’t hold this trade this stock may go up against your favor because it is near a high resistance zone.
  4. Risk-Reward = 1:2
  5. RSI is also in an uptrend and making a bullish divergence.

Trade SL and Target –

Entry = 230

Stop Loss = 227.92

Target = 232.40 & 234.30

Please note: You can enter again in this trade if it comes up at the entry level in the upcoming few trading session. This stock is near the high resistance zone. Strictly follow the stop loss if breaks down the last-day low it may go again to the lower levels.

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

Our Articles on Long-Term Stock Analysis

My best read on trading is this Book

Related Post