Best Trading Stocks Ideas For 15 Sept

Bullish Trade: ON Semiconductor Corporation (ON) – 96.47

Best Trading

Trade Details:

1. The chart shows the bullish sign with the Pole and Flag Pattern.
2. Reversing from the strong previous 200 EMA support zone.
3. After the formation of the double bottom pattern, it went up and now consolidating in the range.
4. After the range breakout, this stock may cross the go-up
5. RSI is trading in the normal zone as flat.
6. You can hold this trade for a few days for a better move.
7. Risk Reward 1:4
   
   Trade, SL, and Target –

Entry = Above 97.27

Stop Loss = 95.90

Target = 102.50

Please note: This trade takes a few days to hit target. You can also enter again in this trade if it hits SL in first try because SL is too Low.

Sell Trade: Ingersoll Rand Inc. (IR) – 66.56

Trade Details:

1. This stock breaks its 200 EMA support and gives a pullback around EMA which acts as a resistance zone.
2. Facing resistance at the EMA after breaking at first time, it may go down again to the lower support zone.
3. Do not trade if this crosses above 200 EMA.
4. RSI is also in a downtrend showing a bearish momentum.
5. Risk Reward = 1:3

Trade SL and Target –

Entry = 66.83

Stop Loss = 67.30

Target = 65.43 / 64

Please note: Enter with strict SL and it may consolidate for a few hours in between. Trail your SL after getting 1:1 risk-reward.

Long Trade: Illinois Tool Works Inc. (ITW) – 239.67

1. This stock is consolidating at the resistance levels of a BIG consolidation phase.
2. It may give a breakout from the current levels above the zone and touch its upper resistance levels.
3. Trade only when there is a breakout, don’t trade in the range.
4. The last 5-6 candles is in the same zone and if it breaks this zone there will be a good chance to see upper levels.
5. RSI is very bullish and crosses the last falt zone.
6. Strictly follow the Stoploss and Target and trail your stop loss at cost if the price goes above 242.25
7. Risk Reward = 1:3

Trade SL and Target –

Entry = Above 240.10

Stop Loss = 238.67

Target = 244.50

Please note: Don’t enter into trade if the price reverses from the current levels or opens Gap down.

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