Top Stocks Of The Day |BUY & SELL| 26 July

Short Trade: Halliburton Company (HAL) – 38.41

Top

Trade Details:

1. It may breakdown the trendline and retest the lower levels.
2. The price is near the strong resistance zone on daily charts.
3. Wait for the confirmation of the trendline breakdown.
4. RSI is looking bearish and taking support around 47 levels. After breaking 47 level of RSI it may go down significantly
5. Trail your stop loss at entry price after getting a 1:1 risk reward.
6. Risk Reward 1:3.
7. Ignore this trade in case of GAP Up opening, and also keep an eye on the overall market trend while entering into this trade.
   
   Trade, SL, and Target –

Entry = Below 38.33

Stop Loss = 38.62

Target = 37.96 & 37.50

Please note: Don’t Trade this stock in case of GAP UP opening. You must keep an eye on its 200 EMA to exit 15 minutes chart time frame, and trail your Stoploss at cost after getting 1:1 Risk to reward.

Long Trade: Citizens Financial Group, Inc. (CFG) – 31.17

Long

Trade Details:

1. This stock is taking support at the trendline and it may reverse from here to the upper levels.
2. Our risk-to-reward ratio is very good in this trade. So, you must have to grab this trade opportunity.
3. RSI is below 25 and it will bounce from here to the higher levels.
4. Trail your stop loss to the entry price after getting a 1:1 risk reward.
5. Risk Reward = 1:4.
6. You can re-enter in this trade again if it hits stop loss in first try.

Trade SL and Target –

Entry = Above 31.25

Stop Loss = 30.98

Target = 31.85 & 32.38

Please note: Ignore this trade in case of Gap Down opening. You can Re-enter in this trade if it hits SL in fist try.

Bearish Trade: Tesla, Inc. (TSLA) – 265.24

1. Tesla is in a very strong bearish trend and pulling down from the trendline.
2. Currently, you have the best risk to reward. so, You can trade this stock.
3. If it opens GAP Up above the trendline, ignore this trade because it may run very fast toward higher levels.
4. RSI is looking very bearish.
5. Ris to Reward = 1:4
6. You can enter into this trade only if it starts trading below 265.

Trade SL and Target –

Entry = Below 265

Stop Loss = 266.82

Target = 260.20 & 256.50

Please note: You can re-enter in this trade if it comes after touching the trendline. R:R = 1:4. You can book half of your profit around 260.

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