Best Stocks To Trade |BUY & SELL| 19 Oct

Buy Trade: Booking Holdings Inc. (BKNG) – 2850.24

Best Short

Trade Details:

1. It may reverse from its lower support zone of 2825 because it will open gap down from current levels.
2. Price may go towards it 200 EMA levels which will also act as an upper resistance level.
3. This stock has already shown a significant decline from its upper levels and must be reversed.
4. If it breaks the high of 2850 then we may see a big bullish candle.
5. RSI is also extremely in an oversold zone and it will bounce very quickly to higher levels.
6. Trail your stop loss at entry price after breaking 2875 levels
7. Risk Reward 1:3+
   Trade, SL, and Target –

Entry = Above 2850

Stop Loss = 2835

Target = 2900

Please note: This stock may open Gap down and it might show bullishness in the second trading session, Enter when price cross 2850 upwards.

Sell Trade: Costco Wholesale Corporation (COST) – 574.63

Trade Details:

1. COST is Reversing from the upper trendline resistance zone of 576 levels.
2. On Daily charts there is also a big trendline resistance from the upper levels which shows the price action of this stock is negative.
3. Its 200 EMA is acting as a Support zone, it may try to go towards EMA so, we can see a sharp fall in price from this level.
4. RSI also turned negative after hitting the upper resistance band of 65 & 70.
5. Trail your stop loss to the entry price as it touches 568 levels.
6. Risk Reward = 1:2.8

Trade SL and Target –

Entry = 572.98

Stop Loss = 576.51

Target = 563

Please note: Keep your Sl trailed, it may try to reverse from 568.

Short Trade: Elevance Health, Inc. (ELV) – 468.50

1. This stock is in a bullish trend but we are hoping for a short-term selling pressure.
2. Because it opened a very big gap and started falling from the high with high selling pressure.
3. There is also a small trendline at the current price, after breaking that trendline there must be a spike in price.
4. RSI was flat for now and may convert into bearish in a few days and fall sharply.
5. We can also see a strong previous support zone at the 455 levels.
6. Risk Reward = 1:3.5

Trade SL and Target –

Entry = Below 468.50

Stop Loss = 472.32

Target = 455

Please note: Only trade when there is a negative price action and if it opens gap down then wait for a reversal from the entry price.

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