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HomeTrading FocusedBest Stocks to Trade |BUY & SELL| 11 March

Best Stocks to Trade |BUY & SELL| 11 March

Bullish Trade: Starbucks Corporation (SBUX) – 91.06

Best Bullish

Trade Details:

  1. There is a consolidation zone and price may give a breakout above the box.
  2. Wait to cross our entry price or for a breakout to enter into this trade.
  3. It is trading too far from its moving average line and it will try to bounce towards its Moving average line.
  4. Trading range is becoming narrow day by day which increases the chance of a big upcoming breakout.
  5. RSI is trading flat and is stuck in a mid range around 40. It will also give a breakout towards 70 -75 levels.
  6. Trail your stop loss at entry price after getting a 1:1 risk reward.
  7. Risk Reward 1:2.5

    Trade, SL, and Target –

Entry = 91.35

Stop Loss = 90.50

Target = 93.40

Please note: Ignore this trade if it opens gap down or breaks down the consolidation phase in downward.

Sell Trade: CDW Corporation (CDW) – 247.95

Trade Details:

  1. This stock has been facing selling pressure from the Top level.
  2. There is a trendline resistance from which stock price is trying to reverse.
  3. It may resist at its EMA levels and then fall again sharply towards lower levels of EMA support.
  4. Stock Price has stretched too much, so we are planning for a bearish reversal with a negative market sentiment.
  5. RSI is bearish and again it will fall towards lower levels. This bounce was just a pullback.
  6. Trail your stop loss to the entry price after getting a 1:1 risk reward or below 244 levels.
  7. Risk Reward = 1:3

Trade SL and Target –

Entry = 247.80

Stop Loss = 250.05

Target = 241.10

Please note: This is reversing from the top so be strict with stoploss and hold the trade for bigger targets. Must take SL above 250.

Momentum Trade: The Allstate Corporation (ALL) – 156.92

  1. This stock is now trading in a channel and currently it is at the upper channel of the zone.
  2. Now, it may give a reversal from this levels because volume is also decreasing.
  3. This is a formation of symmetrical triangle pattern and preparing for the big move.
  4. we will trade with the market sentiment as of now market sentiment is bearish so we will trade for the downside.
  5. RSI is trading flat and it may falls again near 30 levels.
  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 = 1:3

Trade SL and Target –

Entry = Below 156.25

Stop Loss = 157.50

Target = 153.50

Please note: There is a symmetrical triangle pattern we will trade on the breakout side along with the market sentiment & trend.

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