Best Trading Stocks Ideas For 01 May

Short Trade: Discover Financial Services (DFS) – 126.73

Trade Details:

1. Stock is changing its trend and will fall further below its lower EMA support levels.
2. From higher high pattern it is shifting into lower low pattern. Stock may fall further near 120.
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 1:3.5+

Trade SL and Target –

Entry = 126.58

Stop Loss = 127.84

Target = 122.15

Please note: Keep trailing your SL after crossing EMA to get bigger profits.

Bullish Trade: Quanta Services, Inc. (PWR) – 258.56

Trade Details:

1. Taking support at the last resistance levels and in very strong upside bullish trend.
2. Stock is giving a pullback and it will bounce again after making a lower swing which increase the chances of breakout in this time.
3. If it takes a pullback and again comes down at the lower trendline support then it will be the good level to accumulate further till 250 levels for more bigger targets.
4. But to make sure if it breaks the lower EMA levels then exit with the strict stop loss. Risk:Reward=1:2.5+
5. Volumes are also increasing at current levels which shows some strength.

Trade SL and Target –

Entry = 259.30

Stop Loss = 257.19

Target = 265

Please note: If you want to trade with high confirmation then enter into this trade only above 260.

SELL TRADE: Equity Residential (EQR) – 64.40

1. Stock is reversing from the top and price is trying to fall down towards lower levels.
2. This stock is trading in a channel and it will coming towards lower levels.
3. If you want to trade with the confirmation then enter only when it breaks down the lower swing of 64.
4. Price is already in the uptrend so be strict with the stoploss and don’t go against the trend.
5. Risk Reward ratio is 1:2 but you can trail your SL to take bigger profits.

Trade SL and Target –

Entry = 64.38

Stop Loss = 65.07

Target = 63

Please note: If it open gap up the ignore this trade now but below 64 you can enter again for the target of 62.

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

Our Articles on Long-Term Stock Analysis

My best read on trading is this Book