Best Stocks to Trade |BUY & SELL| 06 Oct

Bearish Trade: Moody’s Corporation (MCO) – 313.83

Best Stocks Bearish

Trade Details:

1. Taking Resistance at the upper channel around 315.
2. If it bounces to higher levels then it will touch its 200 EMA
3. Below 312 levels you can trail your stoploss at your entry price.
4. RSI is now in the bullish area, we are waiting for the breakout/breakdown.
5. Keep your SL strict and trail accordingly.
6. Risk Reward 1:3
   
   Trade, SL, and Target –

Entry = Below 313.45

Stop Loss = 315.56

Target = 307

Please note: If it hits SL then it will go to higher levels because above 315 there may be a breakout case so must ensure to exit at SL.

Bullish Trade:The Estée Lauder Companies Inc. (EL) – 141.39

Trade Details:

1. This stock is reversing from the lower trendline support zone.
2. Trading in a range, it may give a breakout to the higher levels.
3. It may touch the upper resistance and further, it may hit its EMA around 145.
4. RSI is also in the bullish trend and it is trading flat for now but may give a breakout soon.
5. Trail your stop loss to the entry price after getting a 1:1 risk reward.
6. Risk Reward = 1:2.5

Trade SL and Target –

Entry = Above 141.70

Stop Loss = 140.45

Target = 144.73

Please note: Below the trendline, this stock will become negative. You can reverse the trade if it hits SL for the target of 138.

Breakdown Trade: NIKE, Inc. (NKE) – 95.80

1. This stock is now trading in a triangular range, it must be give a breakout or breakdown.
2. It may try to touch its 200 EMA.
3. This stock retests its upper resistance levels so many times which increases the chance of downfall.
4. From the lower levels, there is a trendline that acts as a support line for this stock.
5. RSI is reversing from the upper 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 = 1:2.5+

Trade SL and Target –

Entry = 95.70

Stop Loss = 96.32

Target = 94

Please note: This stock may give a breakout of any side. In case of breakout, you can trade above 96.50 for target of 98.50

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