Today’s Trading Ideas |BUY & SELL| 27Feb

Sell Trade: Brown & Brown, Inc. (BRO) – 84.05

Trading Ideas

Trade Details:

1. This stock is trading at the upper resistance levels it may reverse from the current levels.
2. Trading too far away from its moving average so it may slide down.
3. Wait to trigger our entry price to enter into this trade.
4. If this stock opens a gap up then wait fro negative price action to enter into this trade.
5. RSI is trading at upper resistance and heading towards lower support.
6. Trail your stop loss at entry price after getting a 1:1 risk reward.
7. Risk Reward 1:3+
8. 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.
   
   Trade, SL, and Target –

Entry = 83.88

Stop Loss = 84.67

Target = 81.24

Please note: Be strict with SL and enter only after price triggers our entry levels. Ignore this trade if it opens gap up opening.

Bullish Trade: Medtronic plc (MDT) – 83.67

Trade Details:

1. This stock is trading at the lower support area and preparing for bounce.
2. Its price action is looking like it is preparing for a bigger reversal above 84.
3. Consolidating around the lower support and also trading below its EMA and it may touches its moving average lines.
4. RSI is trading at lower support zone and it will try to hit higher levels around 75-80.
5. Trail your stop loss to the entry price after getting a 1:1 risk reward.
6. Risk Reward = 1:2.5
7. Totally ignore this trade if it reverses from the current levels or open gap up.

Trade SL and Target –

Entry = 83.88

Stop Loss = 83.44

Target = 85

Please note: Keep trailing your stoploss and enter only with positive market sentiment.

Short Trade: Cadence Design Systems, Inc. (CDNS) – 303.69

1. This stock is now trading at the upper strong resistance zone.
2. It may try to slide towards it EMA levels because trading too far away frim its EMA.
3. Always trail your SL because this stock may go into a very strong uptrend and we are entering into contra trade as it crosses 305 levels.
4. RSI is looking flat to bearish as of now & it may go towards lower levels as the market sentiment will become negative.
5. Strictly follow the Stoploss and Target. It may go against our favor if market sentiment will be positive.
6. Risk Reward = 1:4+

Trade SL and Target –

Entry = 303.35

Stop Loss = 305.55

Target = 294

Please note: Don’t trade this stock if it crosses above 305 because it can shoot up higher. 

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