Best Stocks to Trade |BUY & SELL| 09 Jan

Bullish Trade: Constellation Energy Corporation (CEG) – 117.04

Best Bullish

Trade Details:

1. There is a consolidation zone and price may give a breakout above the box.
2. Wait to cross our entry price or for a breakout to enter into this trade.
3. It is also taking support at EMA levels and may bounce back again to higher levels.
4. Trading range is becoming narrow day by day which increases the posabillity of a big breakout.
5. RSI is trading flat and is stuck in a mid range. it will also give a breakout towards 70 -75 levels.
6. Trail your stop loss at entry price after getting a 1:1 risk reward.
7. Risk Reward 1:3.5
8. When you are entering into this trade look at the overall market trend. If the market trend is negative then you can ignore this trade.
   
   Trade, SL, and Target –

Entry = 117.24

Stop Loss = 116.15

Target = 121

Please note: This is giving a breakout and if it reverse and don’t triggers our entry levels in upward direction then ignore this trade because it may fall again.

Sell Trade: CDW Corporation (CDW) – 218.21

Trade Details:

1. This stock has been facing selling pressure from the Top level.
2. It may resist at its EMA levels and then fall again sharply towards lower levels.
3. Stock Price has stretched too much, so we are planning for a bearish reversal with a negative price action.
4. RSI is bearish and again it will fall too lower levels. This bounce was just a pullback.
5. Trail your stop loss to the entry price after getting a 1:1 risk reward or below 214
6. Risk Reward = 1:4

Trade SL and Target –

Entry = 217.61

Stop Loss = 219.50

Target = 210

Please note: Stock is bearish until it trades below EMA levels and it can hit bigger targets if the market sentiment is also negative.

Momentum Trade: DuPont de Nemours, Inc. (DD) – 76.65

1. This stock is now trading in a channel and currently it is at the upper channel of the zone.
2. Now, it may give a breakout from this levels because volume is also increasing.
3. If it doesn’t triggers out entry price and reverse from trendline resistance then you can also plan to see this stock.
4. Our first target is around the last upper swing near 77.50 and final target will be 78.90
5. But there is also a support zone around 76 if you go bullish. You can reverse the position as it falls with negative market sentiment.
6. RSI is trading flat and it may falls again near 30 levels.
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 = 1:3

Trade SL and Target –

Entry = 76.82

Stop Loss = 76.13

Target = 78.90

Please note: This will be a momentum trade and as it crosses above trendline then it will become bullish but there is a small probability of reversal from current levels.

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