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HomeUncategorizedBest Stocks Of The Day |BUY & SELL| 21 July

Best Stocks Of The Day |BUY & SELL| 21 July

Sell Trade: Qorvo, Inc. (QRVO) – 104.79

Trade Details:

  1. Building downtrend price action.
  2. Trading below 200 Exponential Moving Average. (EMA)
  3. Rsi is in a downtrend at 37
  4. Trail your stop loss at entry price after getting a 1:1 risk reward.
  5. Risk Reward 1:3
  6. You can also hold this trade for 100 LEVELS but with a trailing stop loss if the market sentiment is also negative.

    Trade, SL, and Target –

Entry = Below 104.50

Stop Loss = 105.05

Target = 102.85

Please note: You can re-enter this trade if the market sentiment is also negative and the stock crosses our entry price downward for the second time. You can book half profits at 103.50.

Bullish Trade: Match Group, Inc. (MTCH) – 45.82

Trade Details:

  1. Stock is in a very strong uptrend and from the last 3 days it is correcting from its upper levels and now after 3 continuous sessions, this may go again in the uptrend.
  2. It can touch the 200 EMA which is also a resistance zone
  3. RSI is in the oversold zone and it may touch the upper very fast, the current RSI level is 24
  4. Trail your stop loss to the entry price after getting a 1:1 risk reward.
  5. Risk Reward = 1:2.5

Trade SL and Target –

Entry = Above 45.90

Stop Loss = 45.59

Target = 46.70

Please note: Ignore this trade if it Opens Gap down. You can hold this trade if it goes in our favor with the strict trailing stop loss.

Long Trade: Howmet Aerospace Inc. (HWM) – 50.39

  1. This stock may give a breakout from current levels.
  2. You can re-enter in this stock again if it hits stop loss first and then give a breakout.
  3. It may come down to near 49.75 levels which are high support zone.
  4. RSI is in the uptrend and it may touch the 70 to 75 levels.
  5. You can Ignore this trade in case of GAP down or create a position around 49.75 levels with a SL of 49.30

Trade SL and Target –

Entry = 50.43

Stop Loss = 50.09

Target = 51.24

Please note: This stock may not give a breakdown in first try. You can re-enter again in the second time breakout and don’t ignore the overall market trend.

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