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HomeMarket AnalysisBest Trading Stocks Ideas | BUY&SELL | 4Aug

Best Trading Stocks Ideas | BUY&SELL | 4Aug

Bullish Trade: Lam Research Corporation (LRCX) – 693.36

Best Trading

Trade Details:

  1. Strong stock in the market with buying pressure.
  2. Range breakout above 695 levels.
  3. RSI is supporting its positive momentum, currently at 47, and looking bullish forward.
  4. Trail your stop loss at entry price after getting a 1:1 risk reward or after stock price crosses 700 levels.
  5. Risk Reward 1:2.5+

    Trade, SL, and Target –

Entry = Above 695.51

Stop Loss = 688

Target = 715

Please note: Follow strict stop loss and Trail your stop loss at cost if it crosses 700 levels.

Sell Trade: The Allstate Corporation (ALL) – 111.36

Trade Details:

  1. Trade only if it crosses our entry price downside with a negative price action.
  2. It shows negative price formation from the upper resistance zone.
  3. Do not enter into this trading range from 111.50 to 113.
  4. RSI is ready for downward momentum below 50
  5. Risk Reward = 1:3
  6. you can hold this trade if it closes below 286 for the target of 283.50

Trade SL and Target –

Entry = Below 111.30

Stop Loss = 112.06

Target = 110 & 109

Please note: This stock may open a gap down and recover to higher levels you have to enter only if it crosses our entry price from up side to the downside (this may be happening in the second half trading session).

Long Trade: ANSYS, Inc. (ANSS) – 305.47

  1. This stock shows buyers interest at lower levels and this may rise to near resistance levels.
  2. As the trendline is the resistance zone it may go down from here to the lower support levels.
  3. Trade only there is positive price action and it crosses 307.50 levels.
  4. The last 5-6 candles is in the same zone and if it breaks this zone there will be a good pullback to upper levels.
  5. RSI is in an oversold zone, it may recover very fros from the lower levels.
  6. Strictly follow the Stoploss and Target and trail your stop loss at cost if the price goes above 310.
  7. Risk Reward = 1:2+

Trade SL and Target –

Entry = Above 307.61

Stop Loss = 304.23

Target = 315

Please note: If it does not hit our target in flow and price starts consolidating in a fixed zone then we will see downside again. So, we prefer to exit if it stuck at the same price.

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