Best Trading Ideas |BUY & SELL| 12 Feb -

Short Trade: Becton, Dickinson and Company (BDX) – 243.75

Best Trading

Trade Details:

This stock is consolidating at its upper resistance levels and it may further fall towards it lower levels.
If the market opens a Gap Up then it may move again to the higher levels. So, ignore it in case of a gap-up opening.
It may try to hit its lower support area again near 240 levels.
Its Moving average will acts as a support zone and price may retrace towards its lower support area.
RSI is resisting and currently trading near 70. It must be reversed to lower levels.
Trail your stop loss at entry price after getting a 1:1 risk reward.
Risk Reward 1:3

Trade, SL, and Target –

Entry = 243.14

Stop Loss = 244.51

Target = 239

Please note: If market sentiment is positive then trade with low position sizing in this stock.

This is trading at the upper resistance levels of trendline and it must be reverse to lower levels soon.
If it opens gap up then trade only after the price crosses below our entry price.
Until it is trading above 660, it will in a bullish price action. So ignore above 660.
Falling below its EMA makes it weaker on the hourly charts. so, you can also hold this trade with trailing stoploss at moving average.
You can keep your stop loss strict because it is currently in an uptrend and we are planning for reversal.
RSI is in the overbought zone and it is going down slowly.
Risk Reward = 1:3

Entry = 656.90

Stop Loss = 663.77

Target = 636.15

Please note: Must exit when it starts trading above the white trendline resistance because it may try to reverse above that.

This stock is trying to give a breakout above the white trendline.
If stocks sustain above the moving average line then it will bounce higher towards 148-150.
Price is consolidating at the upper resistance levels which increase the possibility of breakout.
You can hold this trade for a week also if it gives a breakout above the trendline for the final target of 160.
Trade only above the entry point oerwise it may reverse to the lower levels.
RSI is trading at 51 levels and it may go upto 70-75 levels.
Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk reward on your trade.
Risk Reward = 1:3.5

Entry = 143.74

Stop Loss = 142.28

Target = 148.84

Please note: Trade only above white trendline which is a breakout confirmation otherwise it may reverse down again.

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