Stock Picks to Trade Now | BUY&SELL | 21 Sept

Bearish Trade: Church & Dwight Co., Inc. (CHD) – 95.11

Stock Bullish

Trade Details:

1. Resisting from the upper trendline.
2. Trading below its EMA which shows a negative sign.
3. There is a small support around 95 levels. It may fall after breaking the 95 levels.
4. RSI is in a downtrend and moving towards the bottom.
5. Trail your stop loss at entry price after getting a 1:1 risk reward or after the stock price crosses 94.25 levels.
6. Risk Reward 1:3
   
   Trade, SL, and Target –

Entry = 94.95

Stop Loss = 95.43

Target = 93.50

Please note: If it opens GAP up then wait to trigger our entry price to enter into the trade.

Sell Trade: Fair Isaac Corporation (FICO) – 904.73

Trade Details:

1. FICO will open Gap up and then it may start falling.
2. It shows negative price formation from the upper resistance zone.
3. The formation of Lower-Low on the charts will be confirmed as it opens gap-up and fall.
4. RSI is ready for downward momentum below 50 and it’s a breakdown of RSI after a long consolidation.
5. An increase in volume with selling pressure is also a bearish sign.
6. Risk Reward = 1:3.5
7. you can hold this trade until it touches its 200 EMA.

Trade SL and Target –

Entry = 907.25

Stop Loss = 913.55

Target = 885

Please note: On opening of gap up, you have to wait for the price to come down from upper levels to enter. Don’t enter in upside direction (Green candle).

Long Trade: Ceridian HCM Holding Inc. (CDAY) – 68.30

1. There is a trendline that acts as a strong support zone from where the stock always reverses.
2. Trade only there is positive price action and it crosses 68.85
3. RSI is at 22 levels and this is in an oversold zone, it attracts buyers and then the price will go up.
4. Strictly follow the Stoploss and Target and trail your stop loss at cost if the price goes above 70
5. Risk Reward = 1:4
6. Trading at the previous support zone from where we can see a bounce in price.

Trade SL and Target –

Entry = 68.90

Stop Loss = 68.10

Target = 72

Please note: Trade only when the price triggers our entry price in the uptrend. follow the SL strictly because market sentiment may be negative.

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