Short Trade: Electronic Arts Inc. (EA) – 127.14
Trade Details:
- Stock is very negative or bearish trade and will continue to fall towards lower level.
- The yellow trendline will acts as a resistance level for this stock and it may go dowside again.
- RSI is also bearish from the very first day and it will go again towards the lower levels.
- Make sure to enter only of it trading below its trendline otherwise it may bounce higher towards its EMA levels.
- You can reverse this trade if it gives a breakout just above the trendline.
- Risk reward ratio is very good and it is favorable above 1:2.5+.
Trade SL and Target –
![](https://desieconomist.com/wp-content/uploads/2024/04/ea24-1024x467.png)
Entry = Below 127
Stop Loss = 128.14
Target = 124.10
Please note: Wait for confirmation of bearishness in the price otherwise it may bounce higher and you can also reverse your trade with SL.
Bullish Trade: STERIS plc (STE) – 205.99
Trade Details:
- STE has already given a trendline breakout recently above 202 levels.
- It may further rise towards its EMA levels around 213 to 215.
- At the lower levels volumes were also good which indicates the accumulation of stock by trades or investors.
- There is also a consolidation phase breakout from the lower levels and price will bounce towards the upper resistance level.
- RSI is also in the bullish trend and price will lead to rise further.
- Risk reward ratio is also good at 1:3.4.
Trade SL and Target –
![](https://desieconomist.com/wp-content/uploads/2024/04/ste24-1024x472.png)
Entry = 208.03
Stop Loss = 205.98
Target = 215
Please note: Stock has breakout recently so this might be a trap and may reverse down again so be strict with SL.
Sell Trade: Starbucks Corporation (SBUX) – 87.85
Trade Details:
- Stock is facing resistance at the upper trendline levels which may lean to decline in stock price.
- But once it crosses above the upper EMA resistance level the price will bounce very quick towards higher level.
- Volumes of this stock is increasing day by day which lead to increase in price further.
- After trendline breakout confirmation you can plan for 92 level targets.
- Risk reward ratio is very good and on the downside and upside as well.
- Trade with momentum with strict stoploss.
Trade SL and Target –
![](https://desieconomist.com/wp-content/uploads/2024/04/sbux24-1024x473.png)
Entry = 87.80
Stop Loss = 88.55
Target = 85
Please note: Above the trendline breakout of 89 you can reverse the trade for upside with SL at 88 level.
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