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HomeMarket AnalysisBest Trading Ideas |BUY & SELL|01 Sep

Best Trading Ideas |BUY & SELL|01 Sep

Bearish Trade: Keysight Technologies, Inc. (KEYS)

Trade Details:

  1. It will reverse from the upper levels.
  2. This stock may take support at a lower trendline channel around 130 levels.
  3. You can try more than once in this stock because this trade has a very small risk with good rewards and high probability.
  4. RSI is also turning downward and it will fall below 50 level and may continue to fall.
  5. Trail your stop loss at entry price after getting a 1:1 risk reward.
  6. Risk Reward 1:2.5

    Trade, SL, and Target –

Entry = Below 133.30

Stop Loss = 134.51

Target = 130.30

Please note: If it hits SL then this may trade go wrong so follow the Stoploss strictly.

Bullish Trade: Fifth Third Bancorp (FITB) – 26.55

Trade Details:

Trading in Range and preparing for breakout.

Trade only when it will break the zone.

After a breakout, it will also cross 200 EMA and it may go up to 27.12

RSI is trading at 63+, which shows bullishness.

Risk Reward Ratio = 1:2.5

Trade SL and Target –

Entry = Above 26.61

Stop Loss = 26.48

Target = 27.12

Please note: It may also break down. So, keep an eye on price action with market sentiment.

Long Trade: The Sherwin-Williams Company (SHW) 271.72

  1. It has given a trendline breakout on a 1 hour time frame chart.
  2. It is the perfect price action in the upside direction. This stock may touch 276 and then 283 levels.
  3. This lower acts as resistance.
  4. RSI is looking flat with little bullishness
  5. Risk Reward = 1:2.6+

Trade SL and Target –

Entry = Above 272.13

Stop Loss = 270.49

Target = 276.48

Please note: You can take 2nd trade at the same suggested levels if it doesn’t workout in 1st entry.

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