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

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

Sell Trade: CVS Health Corporation (CVS) – 77.57

Trade Details:

  • Stock is trading at the upper resistance levels & will try to fall again towards it EMA support line.
  • This is the 3rd time this stock is facing resistance at the same levels.
  • There is a lower gap pending and it will try to fill it out with a bearish trend in short term.
  • RSI is also trying to reverse from the top of the channel. Currently at 66 levels.
  • Risk-Reward ratio = 1:3

Trade, SL, and Target –

Entry = Below 77.50

Stop Loss = 78.16

Target = 75.50

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

Bullish Trade: Cognizant Technology Solutions Corporation (CTSH) – 75.09

Trade Details:

  • Stock is taking support at the lower levels and it will give a good bounce towards higher levels.
  • It is too far from it EMA support levels. It will try to retest it again.
  • Price is consolidating in a 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 near oversold zone.

Trade SL and Target –

Entry = 75.15

Stop Loss = 74.45

Target = 77.25

Please note: Make sure to keep strict SL because if it starts falling then it will continue to fall towards 73.

Short Trade: Centene Corporation (CNC) – 77.08

  • 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.
  • RSI is also turning into negative so we can take a small bet on this trade.
  • Risk-Reward = 3

Trade SL and Target –

Entry = 76.90

Stop Loss = 77.55

Target = 75

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

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