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HomeTrading FocusedIntraday TradingBest Trading Stocks Ideas For 11 April

Best Trading Stocks Ideas For 11 April

Short Trade: Allstate Corp (ALL) – 169.75

Trade Details:

  1. Stock is changing its trend and will fall further towards its lower trendline support levels.
  2. From higher high pattern it is shifting into lower low pattern. Stock may fall further near 164.
  3. Trade only if it opens negative otherwise there is a chance of reversal in this stock from current price level.
  4. Must wait for price to trigger our entry levels and keep trailing your SL and hold position for bigger profits.
  5. Risk reward ratio is also favorable and comes more than 1:3.

Trade SL and Target –

Entry = 169.30

Stop Loss = 170.32

Target = 166.24

Please note: Keep trailing your SL towards its lower levels to secure bigger profits.

Bullish Trade: Hess Corp (HES) – 157.99

Trade Details:

Taking support at the lower trendline levels and in very strong upside bullish trend. This is the third time stock is hitting the upper resistance levels to breakout which increase the chances of breakout in this time. If it takes a pullback and again comes down at the lower trendline support then it will be the good level to accumulate further. But to make sure if it breaks the lower trendline support then exit with the strict stop loss. Risk:Reward=1:3

Trade SL and Target –

Entry = 158

Stop Loss = 157

Target = 162

Please note: If you want to trade with high confirmation then enter into this trade.

SELL TRADE: NRG Energy, Inc. (NRG) – 74

Stock is reversing from the top and price is trying to fall down towards lower levels. If you want to trade with the confirmation then enter only when it breaks down the lower trendline. Price is already in the uptrend so be strict with the stoploss and don’t go against the trend. Risk Reward ratio is 1;3.5

Trade SL and Target –

Entry = Below 73.50

Stop Loss = 74.12

Target = 71

Please note: Stock may opens gaps up so enter when price start falling again after gap up opening. Be strict with SL.

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