Stock Picks to Trade Now | BUY&SELL

Bullish Trade: KLA Corporation (KLAC) – 486.35

Stock Bullish

Trade Details:

This stock is bouncing from its 200 EMA support and the lower trendline support.
This stock is resisting to break a trendline, it will shoot up after the trendline breakout.
485 level is very important level as it was the last breakout price of Big Bar.
The upper resistance level will be the target after the trendline breakout.
RSI is trading in the bullish zone and it will rise quickly above 50.
There is a bullish hammer candle which increases the chance of an uptrend from current levels.
Risk Reward 1:4

Trade, SL, and Target –

Entry = Above 487.74

Stop Loss = 484.13

Target = 498 / 503

Please note: Trade only if it starts trading above the trendline and gives a proper breakout.

This stock is trading in a channel and currently reversing from its upper channel.
Stock is heading towards lower support of 555.
If it goes above 570 then it will create a higher high pattern which is against our favor.
RSI is reversing from the overbought zone which shows the bearish trend.
Risk Reward = 1:3+
You can hold this trade if the overall market sentiment is negative.

Entry = 566.67

Stop Loss = 570.27

Target = 555

Please note: It may reverse from its 200 EMA which will act as a support zone. So, be ready with your trailing stoploss.

It is bouncing from the previous support zone of 510.
There is also a support zone from where we can see a strong bullish reversal.
Don’t trade if this goes below 510 levels.
RSI is taking support at the 50 levels and it may start a new uptrend from here and in a bullish trend.
Strictly follow the Stoploss and Target.
Risk Reward = 1:3

Entry = 515.26

Stop Loss = 510.80

Target = 528.97

Please note: Trail your Stoploss at cost when the price crosses above 520.

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