BUY Trade: Becton, Dickinson and Company (BDX) – 235.55
Best Trading
Trade Details:
- This stock has fallen from top and it will try to recover now with the positive market sentiment.
- We can plan for a reversal towards the upper resistance zone around 240.
- If the market opens a Gap down then wait for the price to crosses above our entry price otherwise it may fall down again.
- Ignore this trade if this stock falls further after gap down opening.
- RSI is consolidating at lower levels and it may bounce again towards 70 levels.
- If it crosses above its moving average then you can hold this trade for next few days which will be bigger targets.
- Trail your stop loss at entry price after getting a 1:1 risk reward.
- Risk Reward 1:3+
Trade, SL, and Target –
![](https://desieconomist.com/wp-content/uploads/2024/03/bdx01-1024x470.png)
Entry = 235.55
Stop Loss = 234.98
Target = 240.72
Please note: Trade only if it crosses above the last day’s consolidation phase.
Bullish Trade: Insulet Corporation (PODD) – 164
Trade Details:
- This stock will try to bounce again towards the higher levels again.
- Volumes are increasing which shows the stock has strength of buyers.
- Currently trading at the lower support levels and a bullish hammer candle formation confirm the bullish strength in this stock.
- It will try to hit its moving average and will go further towards higher levels.
- Already shown a bearish momentum and must reverse towards higher levels from current price.
- RSI is trading in oversold zone and sure it will come to higher levels again.
- Risk Reward = 1:3.5+
![](https://desieconomist.com/wp-content/uploads/2024/03/podd-01-1024x470.png)
Trade SL and Target –
Entry = 165.20
Stop Loss = 162.81
Target = 174.25
Please note: You can hold this for bigger target with the strict trailing stoploss. Enter into trade only if it triggers our entry price. This trade will run for a week.
Long Trade: RTX Corporation (RTX) – 89.67
- This stock is trying to give a reversal from the lower support zone.
- It is making a pattern and will try to give a breakout after consolidation.
- It may open gap down and will shoot up very quickly after opening otherwise it can fall further more.
- Trade only above the entry point otherwise it may reverse to the lower levels and continue in the same range.
- RSI is trading flat near 41 levels and it may go up again up to 70 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 = 1:2.5
![](https://desieconomist.com/wp-content/uploads/2024/03/rtx01-1024x470.png)
Trade SL and Target –
Entry = 89.62
Stop Loss = 89
Target = 90.74
Please note: This stock is trading at strong support levels. If market sentiment supports then it may give a good bounce towards 91
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