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HomeMarket AnalysisBest Stocks to Sell Today | 3 Aug

Best Stocks to Sell Today | 3 Aug

Short Trade: Eastman Chemical Company (EMN) – 84.66

Best Trading

Trade Details:

  1. Selling pressure with negative market sentiment.
  2. Trade only if it crosses below the last swing 84.47
  3. Wait for the first candle to close and only after negative price action.
  4. RSI is also in a downtrend.
  5. Trail your stop loss at entry price after getting a 1:1 risk reward.
  6. Risk Reward 1:4

    Trade, SL, and Target –

Entry = Below 84.47

Stop Loss = 84.71

Target = 83.51

Please note: Ignore this trade if it goes up very sharply after a gap-down opening.

Sell Trade: Motorola Solutions, Inc. (MSI) – 287.65

Trade Details:

  1. Wait for the range breakdown below 287.33
  2. Continuous trading in a flat range and if it breaks down the consolidation then it may go down very sharply.
  3. You can keep your stop loss above 287.77 and do not enter into this trading range. (No Trading Zone)
  4. RSI will be more negative below 45 levels.
  5. Trail your stop loss at entry price. if it cross below 286
  6. Risk Reward = 1 : 2.85
  7. you can hold this trade if it closes below 286 for the target of 283.50

Trade SL and Target –

Entry = Below 287.30

Stop Loss = 288.10

Target = 285 & 283.50

Please note: Highlighted zone in the chart is “No Trading zone” for this stock, Trade only if it breakdown the zone below 287.30

Bearish Trade: Prologis, Inc. (PLD) – 123.68

  1. This stock is resisting the upper trendline.
  2. As the trendline is the resistance zone it may go down from here to the lower support levels.
  3. The last closing candle shows more than average volume on the sell side.
  4. Last 5-6 candles is in the same zone and if it breaks this zone there will be high selling pressure.
  5. RSI is flat for now but it is start bending towards downtrend.
  6. Strictly follow the Stoploss and Target and trail your stop loss at cost if price touches 123 level.
  7. Risk Reward = 1:2.8

Trade SL and Target –

Entry = Below 123.48

Stop Loss = 123.83

Target = 122.50

Please note: Don’t trade in first 5 to 10 minutes after market opening. wait for the bearish price action or trigger our entry price.

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