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HomeTrading FocusedBest Trading Ideas |BUY & SELL| 07 March

Best Trading Ideas |BUY & SELL| 07 March

BUY Trade: State Street Corporation (STT) – 71.84

Best Trading

Trade Details:

  1. This stock has already fell from its upper resistance and preparing for bounce.
  2. If market sentiment supports this it will be the best trade for upside.
  3. If the stock opens a Gap down then it may fall again to the lower channel. So ignore it in case of a gap-down opening.
  4. It may try to hit its upper resistance near 75 because it is trading in a parallel channel.
  5. Our first target will be its Moving average line and then it may continue its upside little bit at slower ace.
  6. There is its moving average which will also acts as a support levels.
  7. RSI is bearish and currently trading near the bottom. It must be bounce to higher levels soon.
  8. Trail your stop loss at entry price after getting a 1:1 risk reward.
  9. Risk Reward 1:3

    Trade, SL, and Target –

Entry = 72.10

Stop Loss = 71.55

Target = 73.75

Please note: If it opens gap down then wait for entry. Only enter if it crosses downwards to upwards and crosses above 72.10

Sell Trade: GE HealthCare Technologies Inc. (GEHC) – 93.10

Trade Details:

  1. It is taking resistance at the top near 93 levels and it may fall back from the current levels towards 90.
  2. There is also a negative RSI divergence in this stock which may trigger the selling.
  3. EMA will acts as a support levels and price is also looking bearish at top levels will continue it further fall.
  4. You can keep your stop loss strict because if it breaks 95 then it may increase quickly.
  5. RSI is trading at overbought zone and it is reversing from top to bottom.
  6. Risk Reward ratio is 1:3

Trade SL and Target –

Entry = 93.10

Stop Loss = 94.15

Target = 90

Please note: This will be a high probability trade so hold this trade for bigger targets if it closes in our favour.

Long Trade: IDEXX Laboratories, Inc. (IDXX) – 557.46

  1. Expecting a bounce from lower support zone which indicates the strong bullish sign in this stock.
  2. Stock has already filled a small gap and now preparing for good bounce.
  3. Trading at moving average support line and it will go up again.
  4. Our target will be the upper resistance zone of 575.
  5. Trade only above the entry point otherwise it may fall to the lower levels.
  6. RSI is trading at 38 levels and it may go upto 70-75 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 = 560

Stop Loss = 555.50

Target = 575

Please note: Wait for confirmation to make an entry because if it opens gap down then it will fall further.

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