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HomeUncategorizedTop Stocks Of The Day |BUY & SELL| 4 July

Top Stocks Of The Day |BUY & SELL| 4 July

Bullish Trade: General Mills Inc (GIS)

Trade Details

  1. Reverse from important support of lower levels
  2. Following the upper trendline resistance which will be the target
  3. RSI is 27.50 and it will recover to the higher levels
  4. Currently Trades below 7 Days EMA
  5. Risk-Reward Ratio = more than 1:2
  6. It will fill the Gap of upper levels around 80.

Trade, SL and Target –

Entry = 76.50 to 77.25

SL = 76.15

Target 1 = 78.85, Target 2 = 80

Please note: Do not hold this trade. strictly follow stop-loss because this stock is in a downtrend in the longer time frame. Exit immediately after hitting upper trendline resistance.

CONTRA Trade: Abbott Laboratories (ABT)

Trade Details:

  1. Execute trade only if it breaks the 106.95 level
  2. Exit at 104.55
  3. Reverse from touching resistance at upper levels.
  4. It may take support at 200 EMA – 106.6
  5. RSI is falling, in a downtrend
  6. Momentum is trying to change the downside
  7. Risk-Reward = 1:2

Trade SL and Target –

Entry = Below 106.95

SL = 108

Target = 105 – 104

Please note: This stock is in an uptrend but we ook contra trade. Strictly follow the stop loss and trail accordingly to cost after getting 1:1 Risk Reward. It may again go more upside after crossing the 108.50 level.

Bounce Back Trade: Advance Auto Parts (AAP)

Trade Details

  1. It is reversing from a lower support level.
  2. It may fill the GAPS in intraday
  3. Better for positional trade than intraday
  4. RSI shifting upward after making the bottom
  5. Risk-Reward = 1:2
  6. It may touch the upper resistance level after filling a long GAP, Positional target would be 108.

Trade SL and Target –

Entry = Above 71.65

SL – 69.85 (Intraday) and 65.50 (Positional)

Target = 72.80 and 74.30 | 108 (positional)

Please note: This trade may be risky with high reward and go opposite so follow stop loss and hold for the bigger target of 108. this is positional only if it goes beyond the 73 levels.

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