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HomeTrading IdeaStocks In Focus Today

Stocks In Focus Today

  1. The PNC Financial Services Group, Inc. (PNC)

Stock is in very strong uptrend and taking support at the last 8-9 months support levels and preparing for the bounce. There is also a trendline support which will be respected by the price.

There is also a hammer candle at the bottom which is a very strong bullish sign. If stock opens takes a small pullback in opening hour then wait for the trendline to retest and then make an entry into this trade.

Entry= 153.25

StopLoss= 151.80

Target = 157.25

Risk-Reward = 1:2.8

Please Note: If this stock opens flat or bearish then you can plan to enter at yellow trendline support levels near 150 by the end of the day for next 2-3 days.

2. Abbott Laboratories (ABT) -120.19

Stock is trading at the breakout levels and already given a breakout and now preparing for the bounce again after a small pullback. we can expect a good bounce towards it upper next resistance levels of 123.

This is a pharma stock and it will act as a defensive stock in the markets if market start a correction then these types of stocks will try to show a little strength in the markets.

Entry= 120.30

StopLoss= 119.61

Target = 122.50

Risk-Reward = 1:3+

Please Note: Enter only price triggers our levels otherwise it may try to go sideways to bearish.

3. Eastman Chemical Company (EMN) – 91.67

Stock is trading at the upper resistance levels and this will come back and will hit the lower support area as it will try to become bearish with the negative market sentiment.

You can hold this trade for the bigger targets as well because it is falling from the top and may continue its bearish trend with the overall negative market sentiment.

we can plan to book profit around its EMA levels which will be our final targets.

Entry= 91.50

StopLoss= 92.52

Target = 88 / 85.50

Risk-Reward = 1:3+

Please Note: If stock opens strong and don’t come back then we will not go short into this. We will wait for the bearish market and then again retry in this same position as its a low risk and high reward trade.

Stock is trading at the breakout levels and already given a breakout and now preparing for the bounce again after a small pullback. we can expect a good bounce towards it upper next resistance levels of 123.

This is a pharma stock and it will act as a defensive stock in the markets if market start a correction then these types of stocks will try to show a little strength in the markets.

Entry= 120.30

Stop= 119.61

Target = 122.50

Risk-Reward = 1:3+

Please Note: Enter only price triggers our levels otherwise it may try to go sideways to bearish.

If stock opens strong and don’t come back then we will not go short into this.

3. Eastman Chemical Company (EMN) – 91.67

Stock is trading at the upper resistance levels and this will come back and will hit the lower support area as it will try to become bearish with the negative market sentiment.

You can hold this trade for the bigger targets as well because it is falling from the top and may continue its bearish trend with the overall negative market sentiment.

we can plan to book profit around its EMA levels which will be our final targets.

Entry= 91.50

StopLoss= 92.52

Target = 88 / 85.50

Risk-Reward = 1:3+

Please Note: If stock opens strong and don’t come back then we will not go short into this. We will wait for the bearish market and then again retry in this same position as its a low risk and high reward trade.

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