Best Trading Stocks Ideas For 15 Nov

Short Trade: W.W. Grainger, Inc. (GWW) – 801.45

Best Trading

Trade Details:

1. The Daily charts show there is a resistance level of around 807.
2. Trading too far from its moving average and it may try to retest its EMA levels.
3. Around 780 there is s support, so it may slip towards its last lower swing.
4. After breaking 775 levels it may fall deeper so you can hold this trade while trailing your stoploss.
5. RSI is trading in the overbought zone and it may try to reverse.
6. You can hold this trade for a few days for a better move if it closes in favor.
7. Risk Reward 1:3
   
   Trade, SL, and Target –

Entry = 799.29

Stop Loss = 807.25

Target = 775.50

Please note: Ignore in case of Gap-up opening and hold this trade if it goes in or favor with trailing SL till 750 levels.

Sell Trade: TE Connectivity Ltd. (TEL) – 130.55

Trade Details:

1. Stock is trading at the upper resistance levels and it may reverse to lower level again.
2. Trading too high from its Exponential moving average.
3. Waiting for a breakdown of support and may try to touch lower levels.
4. Do not trade if this crosses above 131.50 levels.
5. RSI is trading in an overbought zone and it may reverse towards its lower levels.
6. Risk Reward = 1:3

Trade SL and Target –

Entry = 130.42

Stop Loss = 131.40

Target = 127.50

Please note: If this stock opens Gap down and starts moving upwards then ignore this trade, enter only if it trigger our entry in downtrend direction.

Long Trade: Trimble Inc. (TRMB) – 42.54

1. Strong support zone at the current level around 40 on daily charts.
2. It may try to retest its 200 EMA resistance zone as its first target.
3. The formation of a double bottom at the lower levels indicates the trend reversal of this stock.
4. Its EMA and last swing resistance are at the same level as our target levels.
5. Trade only when there is a breakout above 42.50 because it may reverse again below that price level.
6. RSI is becoming bullish and reversing from the oversold zone towards higher levels.
7. Strictly follow the Stoploss and Target and trail your stop loss at cost if the price goes above 43.50
8. Risk Reward = 1:5

Trade SL and Target –

Entry = 42.60

Stop Loss = 42.23

Target = 44.45

Please note: This stock has made a double-bottom pattern so there will be more breakout probability above 42.60 levels.

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