Best Trading Ideas for Today |BUY & SELL| -

BUY Trade: Carrier Global Corporation (CARR) – 54.69

Best Trading

Trade Details:

This stock has formed a consolidation zone and it is now trading at its lower support levels.
We can plan for a reversal towards the upper resistance zone around 57.
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 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 –

Entry = 55.05

Stop Loss = 54.59

Target = 56.45

Please note: Trade only if it crosses above the last day’s last candle high otherwise it may fall down again.

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 cross above the moving average and will go further towards higher levels.
Already shown a bearish momentum and must reverse towards higher levels from current price.
You can keep your stop loss strict, if you are able to take high risks then keep your SL below the last lower swing while managing position sizing.
RSI is trading near oversold zone and sure it will come to higher levels again.
You can also wait for the bigger target after its EMA which is around 55.65
Risk Reward = 1:3

Entry = 55

Stop Loss = 54.50

Target = 56.36

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 stock is trying to give a reversal from the lower support zone.
There is also a lower trendline support at the current levels which will give support to the price.
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 39 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 = 1:3+

Entry = 604.26

Stop Loss = 598.42

Target = 622.50

Please note: This stock is trading at strong support levels. If market sentiment supports then it may give a good bounce towards 325

To get regular updates on stocks, please join our Discord community.

My best read on trading is this Book