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

Bullish Trade: Atmos Energy Corporation (ATO) – 112.64

Stock Bullish

Trade Details:

1. This stock is trading in a range bound and formation of symmetrical triangle it will hit the lower trendline and then bounce with a breakout.
2. Trading at a very strong support line of EMA and range becoming narrow which shows the breakout confidence.
3. As on the some other indicators like Bollinger Bands price shows like it will give a big breakout from the current levels.
4. RSI is trading flat and it will give a bounce to higher levels towards 70.
5. Trail your stop loss at entry price after getting a 1:1 risk reward or after the stock price crosses 113.50 levels.
6. Risk Reward 1:3
   
   Trade, SL, and Target –

Entry = 112.18

Stop Loss = 111.24

Target = 115

Please note: Enter into trade only if it reverse from the lower trendline or if it gives a proper breakout above the upper trendline or 113.

Sell Trade: Centene Corporation (CNC) – 74.11

Trade Details:

1. The stock will go into negative price action and it may fall sharply if it goes below 74 levels.
2. Chart seems like price is trying to reverse from the current levels.
3. Wait for the price to go around the lower trendline and EMA support.
4. Support of the upper trendline becomes weaker after hitting every time.
5. Ignore this trade for the sell side if it opens GAP UP.
6. RSI is ready for downward momentum below 65. It is acting as a very good support level.
7. Risk Reward = 1:3

Trade SL and Target –

Entry = Below 73.95

Stop Loss = 74.75

Target = 71.55

Please note: Enter into this trade only if the price action is negative and price must cross the entry price in downward direction.

Long Trade: LyondellBasell Industries N.V. (LYB) – 93.08

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 92 it will reverse to higher levels again.
3. RSI is trading in oversold zone so it will bounce to higher levels and go towards 45 to 60 levels.
4. Stock is trading below its EMA, if it crosses its EMA upwards then it will become very bullish for higher levels.
5. Strictly follow the Stoploss and Target and trail your stop loss at cost if the price goes above 94
6. Risk Reward = 1:3

Trade SL and Target –

Entry = 93.19

Stop Loss = 92.45

Target = 95.42

Please note: Ignore this trade if it trades below our entry price. Enter into the trade only if it triggers our entry price.

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