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HomeTrading FocusedIntraday TradingToday’s Top Trading Ideas |BUY & SELL| 19 April

Today’s Top Trading Ideas |BUY & SELL| 19 April

Bullish Trade: Merck & Co., Inc. (MRK) – 125.22

Trade Details:

  • Stock is trading at the lower support levels & will try to bounce again towards its upper resistance.
  • Stock is consolidating from a long time at the bottom and preparing for the next bounce.
  • Once it will cross above its EMA levels then price will be in the uptrend.
  • RSI is also trying to reverse from the bottom of the channel towards upper level. Currently at 46 levels.
  • Risk-Reward ratio = 1:3+

Trade, SL, and Target –

Entry = 125.50

Stop Loss = 124.42

Target = 128.75

Please note: Trade this only with the positive market sentiment. If the overall market is bearish then wait for bullish sign to enter.

Short Trade: CenterPoint Energy Inc (CNP) – 27.95

Trade Details:

  • Stock is in negative trend and facing resistance at its EMA levels and will try to fall down again.
  • If the market sentiments supports this then price will fall drastically. So you should keep trailing your SL to secure bigger profits.
  • RSI is also turning into negative so we can take a risk on this trade.
  • Trading in a channel and currently trading at the middle of the zone and price is very negative so it may fall further.
  • Risk-Reward = 1:3.

Trade SL and Target –

Entry = 27.95

Stop Loss = 28.21

Target = 27.25

Please note: If the market sentiment is positive and stock sustain above its EMA levels then wait for bearish confirmation to enter into this trade.

Long Trade: Ametek Inc (AME) – 177.31

Trade Details:

  • Stock is taking support at the lower levels and it will give a good bounce towards higher levels.
  • Trading in a channel and price is resisting at the lower levels and will bounce again towards higher level of the trendline zone.
  • It is too far from it EMA support levels. It will try to retest it again.
  • Price is at the bottom of range and preparing for the next big bounce.
  • Volumes is also increasing which indicates the bullishness in this stock.
  • RSI is trading at the lower levels and turning into bullish.

Trade SL and Target –

Entry = 177.40

Stop Loss = 176.65

Target = 179.75

Please note: If the market sentiment is positive and stock crosses half above its channel 178.5 levels then trail your SL.

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