Stock Picks to Trade Now| BUY&SELL | 30 Oct

Bullish Trade: FedEx Corporation (FDX) – 228.84

Stock Bullish

Trade Details:

1. This stock is trading in a range and now it is at a lower zone so it must come up towards the trendline.
2. Pull back towards its EMA and the upper trendline.
3. Now, it is trading at the lower support zone and bouncing after the formation of a double bottom pattern.
4. RSI is coming from its oversold zone and heading towards higher levels.
5. Trail your stop loss at entry price after getting a 1:1 risk reward or after the stock price crosses 233 levels.
6. Risk Reward 1:3
   
   Trade, SL, and Target –

Entry = 230

Stop Loss = 226.97

Target = 239.50

Please note: Don’t trade if it breaks down and starts trading below its last lower swing. Hold this trade for a bigger target if it crosses above 240.

Sell Trade: Darden Restaurants, Inc. (DRI) – 142.49

Trade Details:

1. The stock has negative price action and it may fall sharply if it goes below 142.20
2. Wait for the price to break down below the trendline and EMA.
3. Support of 142 or trendline becomes weaker after hitting every time.
4. Ignore this trade for the sell side if it opens GAP UP.
5. RSI is ready for downward momentum below 48. It is acting as a very good support level.
6. Risk Reward = 1:2.5+

Trade SL and Target –

Entry = 142.20

Stop Loss = 143.21

Target = 139.52

Please note: Enter into this trade if it breaks down below the trendline and its EMA level.

Long Trade: Etsy, Inc. (ETSY) – 62.46

1. The price action formation looks like a double-bottom pattern which shows a bullish sign.
2. There is a very strong support zone at 60 levels.
3. RSI is bullish and it is reversing after a small pullback.
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 60
6. Risk Reward = 1:4

Trade SL and Target –

Entry = 62.50

Stop Loss = 60.66

Target = 69.84

Please note: You can hold this trade for a bigger target if a green candle closes above its EMA. So, Trail your Stoploss.

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