Best Stocks to Sell & Buy Today | 20 Dec

Long Trade: PACCAR Inc (PCAR) – 96.76

Best Trading

Trade Details:

1. This stock crosses above the moving average line so we can expect a bullish momentum from current levels.
2. Trade only if it crosses above our entry price of 97
3. After crossing above 98 we will trail our stoploss at cost.
4. Market sentiment may be negative so we have to be strict stoploss.
5. RSI is in a positive trend and there is a chances of a upside from current levels.
6. Risk Reward 1:2.5
   
   Trade, SL, and Target –

Entry = 97.04

Stop Loss = 96

Target = 99.75

Please note: Enter into this trade only if it crosses above 97 levels after opening flat otherwise it may consolidates & stuck in the 95-97 zone.

Bullish Trade: Pinnacle West Capital Corporation (PNW) – 72.68

Trade Details:

1. It is taking support at its lower support line around 72 levels.
2. Bouncing back from the lower support area after taking a strong support.
3. If it opens gap down then don’t enter into this trade.
4. You can hold this trade for more than a day if the overall market sentiment is positive and price closed above its EMA levels.
5. RSI is bouncing from the lower support or oversold zone towards higher levels.
6. Trail your stop loss at entry price, if it crosses 74
7. Risk Reward = 1:4

Trade SL and Target –

Entry = 72.91

Stop Loss = 72.13

Target = 76

Please note: Don’t try to make an early entry. If you want to make entry with high confirmation then buy above its EMA or 73.80

Bearish Trade: Loews Corporation (L) – 68.90

1. Stock price is respecting its upper resistance levels and reverse from that level.
2. There is a trendline coming from upside and it is taking resistance at that levels.
3. It is respecting its EMA as a resistance levels so we can expect a sharp fall from current levels.
4. It is heading towards its lower support levels of 65.
5. If it start trading above its EMA then ignore this trade.
6. RSI is flat now and it may touch it lower zone again.
7. Strictly follow the Stoploss and Target and trail your stop loss at cost if the price touches 67.75
8. Risk Reward = 1:2+

Trade SL and Target –

Entry = 68.46

Stop Loss = 69.10

Target = 67

Please note: If it closes in out favor then we can keep this trade for next 2-3 days for bigger targets of 64.

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