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HomeTrading IdeaStock Picks to Trade Now | BUY&SELL |28 March

Stock Picks to Trade Now | BUY&SELL |28 March

  • Bullish Trade: Hewlett Packard Enterprise Company (HPE) – 17.67

Trade Details:

Stock is the negative trend and market trend is very volatile and this stock will try to bounce from the current levels towards the higher levels. Currently in a pullback phase and will bounce again.

RSI is turning into bullish and shows some strength for bounce towards higher levels.

Entry = 17.26

Stop Loss = 17.60

Target = 18.49

Please note: If it opens negative then wait for bullish conformation to enter into this trade.

  • Sell Trade: Organon & Co. (OGN) – 18.46

Trade Details:

There is a trendline resistance on the upper levels and stock may reverse from the top and will go lower towards its last support zone. RSI is also trying to reverse from the higher levels.

It is trading too far from its EMA levels and price will drag down towards it lower EMA support near 17.85 levels.

Trade SL and Target –

Entry = 18.40

Stop Loss = 18.55

Target = 17.85

Please note: Enter only below 18.40 otherwise there is a chances of positive trend for today.

  • Long Trade: News Corporation (NWSA) – 26.29

This stock is in trading in a sideways range and nor ready for the next breakout and will bounce again towards higher level. You can take re-entry in this stock if it doesn’t workout in first try. The current price action is a very bullish sign.

RSI is also bullish and bounce towards 70 levels soon. Risk reward ratio also very good more than 1:3.

Trade SL and Target –

Entry = 26.34

Stop Loss = 26.09

Target = 25.91

Please note: Keep trailing your SL and you can also hold this position for few more days if it closes in green today.

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