Top Stock Picks |BUY & SELL| 10 July

Bullish Trade: Estee Lauder Companies Inc (EL)

Trade Details:

1. Reverse from the previous day’s opened price
2. RSI is at 41 and returning from lower levels
3. In case of a Gap up or Gap Down opening, Do not enter into the trade this may be risky according to our Risk reward.
4. Risk-Reward Ratio = more than 1:2 & 1:4
5. After closing below the last day last 15-minute candle it may go down to lower levels.
   
   

Trade, SL, and Target –

Entry = 192.56

Stop Loss = 191.78

Target = 1st – 194 & 2nd – 195.40

Please note: Please make sure not to enter into a trade in case of a Gap-Up opening or Gap down opening. If this stock opens flat and makes a breakout to the last 15 minutes candles then enter into the trade.

CONTRA Trade: Hologic Inc. (HOLX)

Trade Details:

1. Trading around lower support range.
2. Exit out after breaking last week’s low
3. RSI is at 32, and from the 32 levels it may change its trend upward
4. It has been trading around the high support zone of the last 6 months and may change its trend upward as in the past records.
5. Risk-Reward = 1:3 and 1:4+, it may touch a higher level but don’t forget to trail your stop loss accordingly

Trade SL and Target –

Entry = Above 77.65

Stop Loss = 77.24

Target = 78.85 & 79.70

Please note: Don’t trade in case of a Gap up or Gap down opening. Trade will be executed only if it opens flat and breaks the price in an upside direction.

Bearish Trade: Amgen Inc. (AMGN)

Trade Details:

1. It is making a lower low in the smaller time frame
2. It may touch the bottom support of 215 and 213 after breaking the levels of 218.44
3. Better for intraday only, Don’t hold this trade this stock may go up against your favor.
4. Risk-Reward = 1:2 + and 1:5 in second target
5. Currently trading below 200 EMA
6. RSI is also in a downtrend and making a bearish divergence.

Trade SL and Target –

Entry = Below 218.43

Stop Loss = 219.61

Target = 215.30 & 212.85

Please note: This stock is at a lower support zone only trade if it does not open Gap up and Gap Down. This trade has high conviction if it breaks the level of 218.43 after opening flat and then breaks down.

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