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HomeTrading FocusedIntraday TradingBest Trading Ideas for Today |BUY & SELL| 03 May

Best Trading Ideas for Today |BUY & SELL| 03 May

Bullish Trade: Laboratory Corporation of America Holdings (LH) – 200.25

Trade Details:

  1. Trading in a technical bullish pattern and will give a bounce from current levels.
  2. RSI is also bullish and will bounce towards higher levels.
  3. It may try to hit the upper EMA levels which will be the next target level.
  4. Volume is also increasing and will continue to hold the upper levels.
  5. You can keep trailing this stock for bigger profit to get the most out of this trade.

Trade, SL and Targets –

Entry = 200.63

Stop Loss = 199.10

Target = 206

Please note: You can enter twice if it doesn’t workout in first trial. For bigger profits keep trailing your stop loss.

Sell Trade: Deere & Company (DE) – 395.32

Trade Details:

Facing resistance at the upper levels and turning into downward trend. RSI is also turning into negative action. If the market sentiment will be bullish the and wait for the negative price action confirmation. Below its EMA you can trail your stop loss to secure your profits. Risk reward ratio is also good and more than 1:2.5

Entry = 394.90

Stop Loss = 398.25

Target = 385.50

Please note: If it crosses upper trendline then must exit and keep trailing your stoploss as it continues to rise higher.

Long Trade: FMC Corporation (FMC) – 60.53

Trade Details:

Stock is trading in a channel and the overall market sentiment is bullish today so it may give a breakout soon from the above trendline. Its EMA will also acts as a very strong support levels. RSI is also very bullish and will continue to hit 80 level and volume is also high from last few days.

Trade, SL and Targets –

Entry = 60.71

Stop Loss = 60.15

Target = 63.50

Please note: Enter only after its breakout levels otherwise there is a chance of reversal in price. keep trailing your SL. You can also reverse this trade.

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