Best Stocks to Trade |BUY & SELL| 16 Nov

Bearish Trade: Northern Trust Corporation (NTRS) – 74.88

Best Stocks Bearish

Trade Details:

1. Taking Resistance at the upper trendline, it may fall again as per past price action records.
2. It may fall towards its moving average line as our first target.
3. Below 70 level, you can hold this trade for a bigger target and keep your stoploss trailing.
4. RSI may reverse from the top as it is trading at the overbought zone and will become negative.
5. The stock is in a major negative trend on the long time frame chart.
6. Risk Reward 1:5
   
   Trade, SL, and Target –

Entry = 75.25

Stop Loss = 76.35

Target = 69.63

Please note: If it starts trading above its trendline then ignore this trade and enter only if it shows a reversal from current levels on price action.

Bullish Trade: Arch Capital Group Ltd. (ACGL) – 82.66

Trade Details:

1. This stock is taking support at its trendline support and preparing for a bounce to the upside.
2. There is also a strong support zone of horizontal line which will support the price and then the price will pull up again.
3. After crossing its EMA levels, it may shoot up with high speed towards 86 & 88 levels.
4. If it opens the gap down or below the trendline then ignore this trade because after that it may fall sharply.
5. RSI is trading in the oversold zone around 25 levels. It may rise again towards higher levels of 50 to 60.
6. Trail your stop loss to the entry price after getting a 1:1 risk reward.
7. Risk Reward = 1:4.5

Trade SL and Target –

Entry = 83.06

Stop Loss = 82.44

Target = 85.86

Please note: Ignore this trade if it opens the gap down because there will be a breakdown on the charts after a gap down.

Reversal Trade: L3Harris Technologies, Inc. (LHX) – 187.44

1. This stock is now trading at the upper resistance level, it may fall down again.
2. There is also a higher resistance zone which also acts as a supply zone.
3. It is trading too far from its 200 EMA and may show a pullback towards 200 EMA.
4. You can hold this trade for the bigger target of 180 levels.
5. RSI is reversing from the upper levels and heading towards the bottom.
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 = 186.90

Stop Loss = 188.59

Target = 182.58

Please note: Enter into this trade only after it triggers our entry price. You can hold this trade for bigger targets.

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