- Bullish Trade: Extra Space Storage Inc. (EXR) – 138.40
Trade Details:
Stock is the negative trend and market trend is very volatile and this stock will try to bounce from the current levels towards the higher levels.
RSI is trading in the oversold zone and it may hit up the higher levels.
Entry = 140.57
Stop Loss = 138.45
Target = 149.50
Please note: If it opens gap down then ignore this trade and if closes in profit today then hold for next 2 days for bigger targets.
- Sell Trade: Martin Marietta Materials, Inc. (MLM) – 601
Trade Details:
There is a trendline resistance on the upper levels and stock may reverse from the top and will go lower towards its last support zone.
It is trading too far from its EMA levels and price will drag down towards it lower support near 575 levels.
Trade SL and Target –
Entry = Below 600
Stop Loss = 606.31
Target = 586.70
Please note: Ignore this trade incase of gap up opening. Be strict with stoploss.
- Long Trade: International Business Machines Corporation (IBM) – 193.35
This stock is in strong uptrend and it is giving a pullback and preparing for the next bounce. It may drag down further but will try to bounce very strongly. This price action is a very bullish sign.
RSI is also bullish and bounce towards 70 levels soon. Risk reward ratio also good.
Trade SL and Target –
Entry = 193.72
Stop Loss = 191.95
Target = 198.22
Please note: Keep trailing your stoploss and exit full quantity near 200 levels.
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