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

Short Trade: Deere & Company (DE) – 371.91

Top

Trade Details:

1. Its stock is trading at its lower levels of support and it may breakdown anytime with high selling pressure.
2. The price is reversing from the upper trendline.
3. Wait for the confirmation of the last support levels breakdown.
4. RSI is looking bearish and taking resistance around 40 levels.
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 370

Stop Loss = 372

Target = 362.66

Please note: Don’t Trade this stock in case of a GAP UP opening. Enter into this trade if it gives a proper breakdown below 340

Sell Trade: Mastercard Incorporated (MA) – 147.35

Long

Trade Details:

1. This stock is taking support at the trendline and it may reverse from here to the upper resistance levels.
2. Our risk-to-reward ratio is very good in this trade. Must follow the market sentiments.
3. RSI is below 50 and it may fall again towards lower levels.
4. Trail your stop loss to the entry price after getting a 1:1 risk reward or below 383.50
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 = 386.20

Stop Loss = 388.29

Target = 377.80

Please note: This stock may open Gap Up and it may fall after resisting its EMA line. Enter with strict Stoploss.

Bearish Trade: Marathon Petroleum Corporation (MPC) – 147.35

1. This is in a very strong bearish trend and resisting its EMA levels.
2. Currently, this chart making a lower low formation which indicates its near-term bearish pattern.
3. If it opens GAP Up above the last upper swing, ignore this trade because it may run very fast toward higher levels.
4. RSI is looking very bearish and trading at the bottom zone.
5. Ris to Reward = 1:3.5
6. This stock is heading towards its lower support of 143.

Trade SL and Target –

Entry = 147.15

Stop Loss = 148.20

Target = 143.50

Please note: Keep your SL trailed after getting 1:1 Risk reward. Trade with only negative market sentiment.

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