Become a logicalchat Member

Latest Post

Growth Investing101: nVent Electric plc (NVT)

Company Overview: nVent Electric plc (NVT) and its subsidiaries are involved in the design, production, marketing, installation, and maintenance of electrical connection and protection solutions. The...

Your story starts here. Sign up and let's connect in ways that truly matter!

HomeUncategorizedToday's Best Trading Idea |BUY & SELL|7July

Today’s Best Trading Idea |BUY & SELL|7July

Short Trade: General Dynamics Corp (GD)

Trade Details:

  1. Reverse from a higher level of trendline channel
  2. RSI is at 53
  3. In case of a Gap up or Gap Down opening, Do not enter into the trade this may be risky according to our Risk reward.
  4. Risk-Reward Ratio = more than 1:2
  5. It will come to the lower support zone channel after reversing from the upper trendline resistance.

Trade, SL, and Target –

Entry = 214.12

Stop Loss = 214.88

Target = 212.20

Please note: Please make sure not to enter into a trade in case of a Gap-Up opening or Gap down opening. If this stock opens flat and makes a breakdown to the last two candles then enter into the trade.

Contra Trade: J B Hunt Transport Services Inc (JBHT)

Trade Details:

  1. Trading above the 200 EMA
  2. Exit out at your trailing stop loss at cost if it reverses from 180
  3. RSI is changing trend to upward above 58
  4. Momentum is trying to change the upside after turning from 200 EMA
  5. Risk-Reward = 1:2, it may touch a higher level but don’t forget to trail your stop loss accordingly

Trade SL and Target –

Entry = Above 179.20

Stop Loss = 177.93

Target = 182

Please note: Enter into this trade only if it opens flat and crosses above the previous day’s high or cross above. Ignore this trade in case of Gap Up or Gap Down opening. It may go down at the time of opening up to 178.25. There will be a high probability of success in this trade if it reverses from 178.25 and then crosses 179.20 level.

Bearish Trade: Mastercard Inc. (MA)

Trade Details:

  1. It is reversing from a strong resistance level.
  2. It may touch the lower support on 200 EMA from where it gives a breakout
  3. Better for intraday only, Don’t hold this trade this stock may go up against your favor.
  4. Risk-Reward = 1:2 +
  5. At 200 EMA there is strong support and this stock is reversing from the top after hitting its resistance many times.
  6. RSI is also in a downtrend.

Trade SL and Target –

Entry = 393.12

Stop Loss = 395.36

Target = 387.80

Please note: This stock is in an uptrend and it may go up if it crosses above 394.25 or 395.36. please trail your stop loss at cost after getting a 1:1 risk-reward ratio. We took trade for intraday purposes. In the case of Gap up or Gap down opening don’t execute this trade because it may spoil your Risk Reward and affect your psychology.

To get regular updates on stocks, please join our Discord community.

Our Articles on Long-Term Stock Analysis

My best read on trading is this Book

Related Post