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HomeMarket AnalysisBest Stocks to Trade |BUY & SELL| 11 Aug

Best Stocks to Trade |BUY & SELL| 11 Aug

Bearish Trade: Assurant, Inc. (AIZ) – 141.09

Best Stocks Bearish

Trade Details:

  1. In the pre-opening session, it may open around 140 levels.
  2. Enter into a trade only if its crosses below 140.
  3. It may give a sharp upside direction move within first few minutes of the opening session.
  4. You can see the opportunity to sell on every rise in intraday, but only below the trendline.
  5. RSI is flat and it may fall deep to 30 levels.
  6. Trail your stop loss at entry price after getting a 1:1 risk reward.
  7. Risk Reward 1:2+

    Trade, SL, and Target –

Entry = Below 140

Stop Loss = 141.50

Target = 136.20

Please note: It may also give a breakout on the upside because there is also a trendline on the upside. Trade with the market trend.

Bullish Trade: American Water Works Company, Inc. (AWK) – 139.48

Trade Details:

  1. This stock is reversing from the lower support zone.
  2. It may touch the upper trendline target of 143.44
  3. RSI is also in the oversold zone now. It may reverse from here to the upper levels.
  4. Trail your stop loss to the entry price after getting a 1:1 risk reward.
  5. Risk Reward = 1:4+

Trade SL and Target –

Entry = Above 140

Stop Loss = 139.21

Target = 143.44

Please note: You can re-enter again in this trade if it doesn’t work out on the first try because here is a higher risk-reward than any other trade.

Long Trade: Cadence Design Systems, Inc. (CDNS) – 225.61

  1. This stock is now trading below 200 EMA. It may try to touch its moving average.
  2. There is high support zone in the lower area around 222 from where the stock was reversed.
  3. we are seeing a good green candle which shows more interest from buyers in this stock.
  4. This stock may touch the upper trendline resistance which is our target.
  5. RSI is looking bullish because it is reversing from the bottom support zone.
  6. Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk-reward on your trade.
  7. Risk Reward = 1:2.5

Trade SL and Target –

Entry = Above 225.31

Stop Loss = 223.95

Target = 228.70

Please note: This stock may open GAP down around 225 and after recovering from lower levels it may go up very quickly.

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