Today’s Trading Ideas |BUY & SELL| 13 Sept

Sell Trade: EQT Corporation (EQT)– 43.90

Trading Ideas

Trade Details:

1. Reversing from the upper trendline resistance.
2. This is contra trade, Ignore this trade if it starts trading above the trendline.
3. Wait to trigger our entry price to enter into this trade.
4. RSI is in an uptrend and it may reverse from 70 levels.
5. Trail your stop loss at entry price after getting a 1:1 risk reward.
6. Risk Reward 1:3.5
7. When you are entering into this trade look at the overall market trend. If the overall market trend is negative then this trade will become a high-probability trade. And you can take entry again in this trade.
8. The final target would be 42 if the market goes in our favor, Keep trailing your SL.
   
   Trade, SL, and Target –

Entry = Between 43.80 – 43.75

Stop Loss = 44.10

Target = 42.70

Please note: Don’t Trade above the trendline, If this opens Gap up then wait to come below the trendline.

Bullish Trade: KLA Corporation (KLAC) – 485.80

Trade Details:

1. Taking support at the trendline so it may reverse from the current levels.
2. Consolidating around the lower trendline and 200 EMA support zone. It may become bullish above 200 EMA.
3. RSI is at the support zone of 33 and it may bounce back soon.
4. Trail your stop loss to the entry price after getting a 1:1 risk reward.
5. Risk Reward = 1:3+.
6. You can wait for the bigger target if it sustains above 500

Trade SL and Target –

Entry = 487.75

Stop Loss = 483.95

Target = 499.70

Please note: If this stock creates a downside wick on 15-minute charts then trade above the closing of that same candle.

Long Trade: Mohawk Industries, Inc. (MHK) – 91.99

1. This stock is now trading at the lower strong support zone.
2. As per the past records, it may bounce from near 90 levels.
3. You can hold this trade if it goes in our favor for the target of 99
4. RSI is looking bullish for the next few days because it is currently in the oversold zone.
5. Strictly follow the Stoploss and Target. It may go against our favor if market sentiment is negative.
6. Risk Reward = 1:3.5+

Trade SL and Target –

Entry = Above 92.36

Stop Loss = 91.42

Target = 95.88 & 99

Please note: You can try to enter twice in this trade if it takes SL in the first try because of the risk-reward ratio in this trade.

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