Top Bearish Stocks of Today | 22 March

Short Trade: Exelon Corporation (EXC) – 37

Trade Details:

Stock is trading at resistance and if market try to reverse then this stock will fall very sharply and hits our target levels. EMA line will be the next support for this stock on the downside.

If the market continues its down trend and stock closes in red today and shows profit then you can hold this stock for the next. Risk reward Ratio= 1:3

Trade, SL, and Target –

Entry = 36.99

Stop Loss = 37.27

Target = 36.20

Please note: Ignore this trade if it opens GAP UP. Enter after price triggers our entry level.

Sell Trade: Corteva, Inc. (CTVA) – 55.78

Trade Details:

Yellow trendline will acts as a resistance level and price tend to decrease from that level because it is also a supply zone on the lower time frame.

If this trade closes in profit then you can hold this trade for few more days by putting a stoploss.

Trade SL and Target –

Entry = 55.69

Stop Loss = 56.31

Target = 54.50

Please note: After crossing above yellow trendline take SL but hold when it goes down in profit with trailing SL.

Bearish Trade: Carrier Global Corporation (CARR)– 59.82

Making a negative red on the top and price will reverse from the top after making a kind of double top formation technical pattern. RSI is also turning into negative and price will try to hit the EMA levels.

Risk Reward ratio is also favorable and price will drop very fast from these levels.

Trade SL and Target –

Entry = 59.78

Stop Loss = 60.37

Target = 57.71

Please note: If it opens Gap up then wait to enter and trade only after it triggers its entry price.

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