Best Stocks to Trade |BUY & SELL| 17 Oct

Bearish Trade: Chipotle Mexican Grill, Inc. (CMG) – 1810.45

Best Stocks Bearish

Trade Details:

1. Taking Resistance at the upper trendline and it may fall.
2. If it bounces to higher levels then it will touch its 200 EMA, so must exit at SL.
3. Below 1790 levels you can trail your stoploss at your entry price.
4. RSI is reversing from the top and will become negative.
5. The stock is in a negative trend from the last week.
6. Risk Reward 1:2.7
   
   Trade, SL, and Target –

Entry = Below 1809

Stop Loss = 1823.50

Target = 1770

Please note: If it opens Gap up then wait to trigger our entry price and exit above the trendline breakout because it may reverse very quick.

Bullish Trade: MSCI Inc. (MSCI) – 515.46

Trade Details:

1. This stock is taking support at its 200 EMA and may bounce further.
2. There is a small trendline breakout above 517 on the same 15-minute time frame chart.
3. Stock is already given a breakout and this time is a pullback and may bounce again toward higher levels.
4. It may go towards its last resistance level of 525.
5. RSI is also in the bullish trend and it is consolidating for now and will have good strength above 50.
6. Trail your stop loss to the entry price after getting a 1:1 risk reward.
7. Risk Reward = 1:2.5

Trade SL and Target –

Entry = Above 517

Stop Loss = 513.79

Target = 525

Please note: You can enter again if it hits SL in the first trade and enter only when the price crosses upwards.

Reversal Trade: Equinix, Inc. (EQIX) – 751.41

1. This stock is now trading at the upper resistance level.
2. There is a small trendline breakdown below 750.
3. It is trading too far from its 200 EMA and may show a pullback towards 200 EMA.
4. This stock retests its upper resistance levels so many times which increases the chance of downfall.
5. From the lower levels, there is a trendline that acts as a support line for this stock.
6. RSI is reversing from the upper levels and heading towards the bottom.
7. Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk-reward on your trade.
8. Risk Reward = 1:2.5+

Trade SL and Target –

Entry = Below 750

Stop Loss = 754

Target = 740

Please note: If it goes below 750 and then again starts upside momentum and trade above 750 then exit.

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