Best Stocks to Trade |BUY & SELL| 31 July

Bullish Trade: CDW Corporation (CDW) – 186.28

Best Bullish

Trade Details:

1. It is reversing from the support level of 185, crossing the high of previous candles, and preparing for a higher high formation in the charts.
2. Trade only with the view of intraday. Don’t hold this trade because it is in a negative trend and we took a contra trade here.
3. Wait to cross our entry price to enter into this trade.
4. RSI is ready to spike from its oversold zone, currently at 34 levels.
5. Trail your stop loss at entry price after getting a 1:1 risk reward.
6. Risk Reward 1:2
7. When you are entering into this trade look at the overall market trend. If the market trend is negative then ignore this trade.
   
   Trade, SL, and Target –

Entry = Above 186.71

Stop Loss = 185.42

Target = 189.32

Please note: If this stock makes negative price action in the beginning of market session then you can wait for the positive price action confirmation with overall positive market sentiments to execute this trade.

Sell Trade: Automatic Data Processing, Inc. (ADP) – 170.26

Trade Details:

1. This stock has been facing selling pressure from the upper levels.
2. You can keep your stop loss above last 2-3 candles swing.
3. RSI is very bearish.
4. Trail your stop loss to the entry price after getting a 1:1 risk reward.
5. Risk Reward = 1:2, You can book some profits around the lower support of 245 and wait with the remaining qty. to fill the lower gap to 242 levels.

Trade SL and Target –

Entry = Below 249.62

Stop Loss = 251.55

Target = 245.50

Please note: Trade this only if it breaks the lower swing, below 249.62. You can also hold this trade for the next trading session only if you are in the profit and it closes around 245 levels.

Long Trade: Jack Henry & Associates, Inc. (JKHY) – 168.21

1. This stock is now trading at the support zone of 200 EMA.
2. A strong Bullish candle closes above the last two candles which shows the higher interest of buyers at this level.
3. This stock is reversing from the downtrend and changing its pattern into a bullish trend in the short term.
4. RSI is looking bullish because it is reversing from the bottom support zone.
5. Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk reward on your trade.
6. Risk Reward = 1:2.5 +

Trade SL and Target –

Entry = Above 168.51

Stop Loss = 167.50

Target = 171.15 and 172.50

Please note: You can carry on this trade (if closed in profit) for the next trading session for the target of 172.50 with trailing your stop loss.

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