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HomeMarket AnalysisBest Trading Ideas |BUY & SELL| 11 Sept

Best Trading Ideas |BUY & SELL| 11 Sept

BUY Trade: Lam Research Corporation (LRCX)– 668.88

Best Trading

Trade Details:

  1. This stock is taking support around the lower trendline.
  2. there is also support of 200 EMA around current levels, which creates more chances of bouncing back from the current price.
  3. Ignore this trade if this stock gives a breakdown below the last lower swing.
  4. RSI is in the oversold zone, It shows the bullish signal from current levels.
  5. Trail your stop loss at entry price after getting a 1:1 risk reward.
  6. Risk Reward 1:3 for intraday.
  7. You can hold this trade for 708 targets which can take up to 12 to 14 days to hit target.

    Trade, SL, and Target –

Entry = Above 671

Stop Loss = 664.87

Target = 689.50 (Intraday) & 708 (Positional)

Please note: You can hold this trade for more than a week to get better results and trail SL accordingly.

Bullish Trade: Match Group, Inc. (MTCH) – 44.05

Trade Details:

  1. Consolidating in the lower support area, Breaking the consolidation zone leads to a more bullish sign
  2. Continuous trading in a flat range and if it breaks down the consolidation then it may go up to 45 & 47
  3. You can keep your stop loss below 43.45
  4. RSI is trying to recover and above 40 it may speed up.
  5. Trail your stop loss to the entry as it touches 200 EMA.
  6. Risk Reward = 1:2.7+

Trade SL and Target –

Entry = Above 44.17

Stop Loss = 43.49

Target = 45.90 & 47

Please note: Wait to cross the above rectangular zone and always Trail your SL.

Long Trade: PulteGroup, Inc. (PHM) – 80.72

  1. This stock is resisting the upper trendline resistance of around 81 levels.
  2. Strong Support of 200 EMA.
  3. Price also takes support at the previous support levels.
  4. If you want more confirmation on trade then trade only after the trendline breakout.
  5. RSI is trading at good levels and it may go up again up to 70 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 = 1:3

Trade SL and Target –

Entry = Above 81.10

Stop Loss = 80.42

Target = 83.14

Please note: Strict your Sl and Must exit below 80, You can book half profit at target and trail other half quantity.

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