Best Stocks to Trade |BUY & SELL| 26 April

Bullish Trade: 3M Company (MMM) – 91.41

Trade Details:

1. Stock is consolidating from longtime and it may give a breakout from the current levels and bounce towards higher levels.
2. There is also its EMA support levels and which will acts as a good support for the price and protect it to fall further.
3. It is trading in a range and currently trading at the lower support zone levels.
4. RSI is also converting into positive trend and it may shift towards upper levels which leads to increase in price further.
5. Risk reward ratio is also favorable more tha 1:3.
6. If it closes in profit today then you can keep this trade for bigger targets with trailing stop loss at cost.

Trade, SL, and Target –

Entry = 91.82

Stop Loss = 91.23

Target = 93.61

Please note: Keep trailing your stop loss to secure bigger profits and above 94 it will become extreme bullish.

Bearish Trade: Ingersoll Rand Inc. (IR) – 92.03

Trade Details:

1. Stock is reversing from the top of its resistance levels as there s the yellow trendline resistance.
2. Once it cross down below its EMA levels then it may fall very sharply so be ready to catch big downside momentum.
3. You can see the white line on the down side that will be the target on downside.
4. For higher confirmation trade only below its EMA levels.
5. RSI is also turning from the upper levels towards downside. it may come down towards 90.
6. Trade may go wrong above trendline so you can also plan reverse trade above the trendline but there will be very low conviction on the upside in this stock.

Trade, SL, and Target –

Entry = Below 91.92

Stop Loss = 92.75

Target = 89.50

Please note: Trade only after it triggers our entry level and keep trailing SL after it cross down its EMA levels.

BUY Trade: General Mills, Inc. (GIS) – 71.38

Trade Details:

1. Taking support at the trendline support levels and it may bounce further towards higher levels.
2. There is a little more upside pending in this stock as per technical analysis.
3. Be alert if this reverse from current level then it will fall one sided so make sure to keep SL ready.
4. RSI is also looking bullish from the current levels.
5. Risk reward ratio is also good more than 1:3.
6. There is a high probability on the upside so make sure to keep trailing your stop loss.

Trade, SL, and Target –

Entry = 71.51

Stop Loss = 70.95

Target = 72.85

Please note: Make sure to enter above 71.50 levels and ignore in case of gap down opening.

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