Best Trading Ideas |BUY & SELL| 21 Dec.

BUY Trade: Arista Networks, Inc. (ANET) – 233.16

Best Trading

Trade Details:

1. This stock is in strong uptrend and it is taking a pullback and now preparing for a new bounce to higher levels.
2. If it can hit our target today then you can book half profits and trail with sl the remaining quantity for the target of 250
3. If the market opens a Gap down then don’t enter into this trade. Enter only if it triggers our price levels.
4. If it breaks down the 232 levels then it may try to hit the lower levels so be strict with your stoploss.
5. RSI is trading flat and try to reverse from the lower levels and it can go upto 70 again.
6. Trail your stop loss at entry price after getting a 1:1 risk reward.
7. Risk Reward 1:4
   
   Trade, SL, and Target –

Entry = Above 234.50

Stop Loss = 231.88

Target = 245

Please note: You must have to ensure the entry only after the price triggers our levels otherwise it may reverse. You can also trail your SL with EMA levels.

Bullish Trade: PepsiCo, Inc. (PEP) – 165.69

Trade Details:

1. This stock is trading in a range and now price is at lower support channel so we are planning for a reversal towards higher resistance zone.
2. Don’t trade this stock if it opens gap down. So make entry when our price triggers.
3. If market sentiment will become negative then you can exit early near 168 levels.
4. If you want to play big bet then you can go in when price breaks the consolidation zone.
5. You can keep your stop loss strict because if it goes below our stoploss then it will become bearish and go against our favor.
6. RSI is in the oversold zone and currently heading towards upside direction.
7. Risk Reward = 1:2.5+

Trade SL and Target –

Entry = 166.15

Stop Loss = 164.73

Target = 170

Please note: If the market sentiment is good at the end of the day then you can hold this position for the next trading session it can go up to 175 levels within few days.

Long Trade: Sempra (SRE) – 73.14

1. This stock is trading at the support of trendline and it will bounce again towards higher levels.
2. If it gives a breakdown then must exit at stoploss because it will become very bearish after trendline breakdown.
3. It is going towards it EMA levels around 75 which will act as a first resistance level.
4. Trade only above the entry point otherwise it may reverse to the lower levels.
5. RSI is trading at 30 levels which is oversold zone and it will bounce to higher levels with the price.
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 = 1:4

Trade SL and Target –

Entry = 72.55

Stop Loss = 71.95

Target = 75

Please note: There is a trendline support price will reverse from this levels and if it breaksdown then exit with stoploss. 

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