- Short Trade: NiSource Inc (NI) – 27.15
Trade Details: Stock has breakdown the lower trendline and currently resisting at the breakdown level and it is preparing to fall again towards lower level. You must enter into this trade only after the price triggers our entry level. Its EMA is acting as a resistance level and you can trail your stop loss after 1:1 risk reward at your cost. Risk reward ratio 1:3.5+.
Entry= 27.07
Stop Loss= 27.25
Target = 26.43
Risk-Reward = 1:3.5+
Please Note: If it opens positive then we have to wait for entry and enter only after price triggers our levels.
2. Bullish Trade: Johnson Controls International (JCI) – 63.66
Trade Details: Taking support at the lower EMA support line which increases the chances of bounce from the current levels. Volumes are also increasing at this price level. Must keep trailing your stoploss. RSI is turning into bullish momentum and it may jump to higher levels towards 70-75 levels. Risk reward of this trade is also favorable around 1:3.
Entry= 63.92
Stop Loss= 63.39
Target= 65.50
Risk-Reward = 1:3
Please Note: Price will be very strong after crossing above the last swing levels and you can also hold this trade for few days with trailing SL for the better targets.
3. Sell Trade: Consolidated Edison Inc (ED) – 90.29
Trade Details: Stock is trading in a channel and price is now trading at the upper resistance level and rsi is also trying to turn bearish. Stock is already stretched too much from in last hour bullish run. We can keep this stock with the trailing stoploss and must trail your stoploss once price cross down its EMA level. Risk Reward is also good at 1:3
Entry= 90.33
StopLoss= 91.02
Target = 88.26
Risk-Reward = 1:3
Please Note: If it breakout the upper trendline resistance level the ignore this trade. Enter only after it triggers our entry level.
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