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HomeTrading IdeaBest Stocks to Trade |BUY & SELL| 6 Sept

Best Stocks to Trade |BUY & SELL| 6 Sept

Bearish Trade: CDW Corporation (CDW) – 212.65

Best Stocks Bearish

Trade Details:

  1. Breakdown of trendline on the hourly chart.
  2. Enter into a trade only if it crosses below the last RED candle or below 212.50
  3. It may give a sharp upside direction because there is small support on the chart at current levels.
  4. You have to wait for confirmation of the breakdown.
  5. You can see the opportunity to sell on every rise in intraday, but only below the trendline.
  6. RSI is reversing from the upper zone and it may fall very sharp
  7. Keep your SL strict and trail accordingly.
  8. Risk Reward 1:2

    Trade, SL, and Target –

Entry = Below 212.45

Stop Loss = 214.04

Target = 209.16

Please note: It may also go up because there is a small support from where it can reverse if market sentiment is positive. so, keep your SL strict.

Bullish Trade: Molson Coors Beverage Company (TAP) – 62.29

Trade Details:

  1. This stock is reversing from the lower support zone.
  2. Formation of Higher-High in 1 Hour time frame chart.
  3. It may touch the upper resistance and further, it may hit its EMA.
  4. RSI is also in the very bullish sign, where it is reversing from the oversold zone now. It may reverse to the upper levels of 55
  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 62.34

Stop Loss = 62

Target = 63.15

Please note: It crosses the last swing high so its a positive sign, Keep SL strict and if it reverses from the current level and breaks last green candle low then it may become negative.

Long Trade: Rockwell Automation, Inc. (ROK) – 307.23

  1. This stock is now trading below 200 EMA. It may try to cross its 200 EMA.
  2. It may cross 200 EMA because it is reversing from the good support zone.
  3. There is a high support zone in the lower area around 306 from where the stock was reversed 2 times
  4. We are seeing a good green candle which shows more interest from buyers in this stock as it surpasses the last 3 Red candles.
  5. This stock may touch the upper trendline resistance which is our target.
  6. RSI is looking bullish because it is reversing from the bottom support zone and respecting the trendline.
  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 = Above 308.11

Stop Loss = 306.09

Target = 313.44

Please note: Igone this stock if it opens Gap Down. You can enter again whenever our entry price is triggered

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