Stock Picks to Trade Now| BUY&SELL | 10 Jan

Bullish Trade: BlackRock, Inc. (BLK) – 794.52

Stock Bullish

Trade Details:

1. This stock has form a bullish hammer candle on 1 hour charts and now consolidating in a range.
2. It must give a breakout from the current levels and after crossing 00 it will shoot up quickly.
3. Trading at a very strong support line of EMA and range becoming narrow which shows the breakout confidence.
4. As on the some other indicators like Bollinger Bands price shows like it will give a big breakout from the current levels.
5. RSI is trading flat-bullish and it will give a bounce to higher levels towards 70.
6. Trail your stop loss at entry price after getting a 1:1 risk reward or after the stock price crosses 800 levels.
7. Risk Reward 1:3.5
   
   Trade, SL, and Target –

Entry = 795.56

Stop Loss = 790

Target = 813.71

Please note: This is a high probability trade so you can try again if it hits SL in first try.

Sell Trade: Advanced Micro Devices, Inc. (AMD) – 150.24

Trade Details:

1. The stock will go into negative price action and it may fall sharply if it goes below 150 levels.
2. Chart seems like price is trying to reverse from the current levels with the formation of double top.
3. You can hold this trade for longer duration with the trailing stoploss for bigger targets.
4. Demand of semiconductors are decreasing around the world so it may impact on share price.
5. Ignore this trade for the sell side if it opens GAP UP.
6. RSI is ready for downward momentum below 65. It is trying to reverse from strong resistance levels.
7. Risk Reward = 1:4.5

Trade SL and Target –

Entry = Below 150

Stop Loss = 151.63

Target = 143.25

Please note: Wait for a confirmation bearish candle below 150 otherwise it may go against us, Keep your SL tight.

Long Trade: Bristol-Myers Squibb Company (BMY) – 51.38

1. The price action formation looks like a reversal from the bottom levels which shows a bullish sign.
2. Price is trading at very strong support zone of 50 it will reverse to higher levels again.
3. 50 levels is also a psychological support levels with EMA support as well.
4. RSI is trading near the oversold zone so it will bounce to higher levels and go towards 45 to 60 levels.
5. Stock is trading below its EMA, if it crosses its EMA upwards then it will become very bullish for higher levels.
6. Strictly follow the Stoploss and Target and trail your stop loss at cost if the price goes above 52
7. Risk Reward = 1:4+

Trade SL and Target –

Entry = 51.38

Stop Loss = 50.94

Target = 53.20

Please note: If you want to trade with confirmation then you can plan to enter above EMA levels of 51.80

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