Best Trading Ideas |BUY & SELL| 13 Dec

BUY Trade: The Travelers Companies, Inc. (TRV) – 183.66

Best Trading

Trade Details:

1. This stock is giving a pullback and now preparing for the bounce towards higher levels.
2. If the market opens a Gap down then it may fall again to the lower channel. So ignore it in case of a gap-down opening.
3. It may try to hit its upper trendline resistance crossing through 178 – 183 – 190.
4. After crossing above 185 you can trail your stoploss at your entry price.
5. RSI is bullish and currently trading at 58. It must be bounce to higher levels soon.
6. Trail your stop loss at entry price after getting a 1:1 risk reward.
7. Risk Reward 1:5
   
   Trade, SL, and Target –

Entry = Above 184

Stop Loss = 182.90

Target = 189.35

Please note: If you want to enter into this trade with high confirmation then trade above 185 levels.

Sell Trade: T. Rowe Price Group, Inc. (TROW) – 99.38

Trade Details:

1. It is taking support at the trendline support levels and it may breakdown from current levels.
2. There is also a support and we are expecting a sharp fall after a trendline breakdown.
3. Falling below its 200 EMA makes it weaker on the hourly charts. So, you can also hold this trade with trailing stoploss.
4. You can keep your stop loss strict because it is currently in an uptrend and we are planning for reversal.
5. RSI is in the overbought zone and it will go down slowly towards oversold zone.
6. Risk Reward = 1:3+

Trade SL and Target –

Entry = Below 99

Stop Loss = 100.13

Target = 95.75

Please note: If it opens gap up then ignore this trade and make sure to enter only below the 99 levels.

Long Trade: Sysco Corporation (SYY) – 73.61

1. Expecting a bounce from trendline support which indicates the strong bullish sign in stock.
2. It reversing from its EMA levels which is acting as a support levels and a trendline breakout.
3. Price is also taking support at the previous support around 73 levels.
4. Trade only above the entry point otherwise it may reverse to the lower levels.
5. RSI is trading at 46 levels and it may go upto 70-75 levels.
6. Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk reward on your trade.
7. Risk Reward = 1:2.5

Trade SL and Target –

Entry = 73.75

Stop Loss = 73.30

Target = 74.88

Please note: Enter only above the 3rd last candle and it is bouncing from the EMA support.

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