Today Top Trading Ideas |BUY & SELL| 21 Nov

Sell Trade: Accenture plc (ACN) – 330.90

Trading

Trade Details:

1. This stock is trading at its higher resistance zone of upper trendline and it may reverse from the current level.
2. The current price is at resistance and may again fall down again as per last two time.
3. You can also hold this trade for bigger target or minimum towards it EMA if it start lower low formation on chart.
4. RSI is at overbought zone and will turn downtrend into more bearish.
5. Trail your stop loss at entry price after getting a 1:1 risk reward.
6. Risk Reward 1:3+
7. Its 200 EMA support will act as a strong support zone. So keep your stoploss trailing for bigger profits.
   
   Trade, SL, and Target –

Entry = 329.64

Stop Loss = 332.36

Target = 321.05

Please note: Don’t trade this stock if it opens Gap Up and start trading above the upper trendline resistance levels.

Short Trade: Comcast Corporation (CMCSA) – 42.94

Trade Details:

1. This stock is taking resistance from the upper trendline and it may fall again to lower levels.
2. But, there is also a lower trendline support on downside so be ready with your stoploss.
3. If it go in our favor and breaks down the lower trendline then you can hold this trade.
4. RSI is trading at its overbought zone so it may fall down to lower levels.
5. The price action of this stock is extremely bearish and it will be going towards its bottom support of 40.
6. Risk Reward = 1:2.5+

Trade SL and Target –

Entry = 42.84

Stop Loss = 43.18

Target = 41.91

Please note: You can hold this trade longer if it goes in our favor. Must exit above 43.37 levels which is a last resistance level.

Long Trade: Mid-America Apartment Communities, Inc. (MAA) – 122.55

1. This stock is now trading at the great support zone on hourly charts.
2. There is support of its moving average and it may bounce from this level towards it last upper resistance zone of 125.
3. It may first touch its lower trendline and then it will bounce aggressively.
4. RSI is flat and trying to give a breakout above 50-55.
5. Strictly follow the Stoploss and Target, when it goes above then trail your SL.
6. You can hold this trade for a few more days but only if the market sentiment is positive.
7. Risk Reward = 1:4

Trade SL and Target –

Entry = 122.55

Stop Loss = 121.30

Target = 126

Please note: Only enter into trade in upward price action because price may touch its trendline and then it will reverse for upside.

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