Top Stocks to Trade |BUY & SELL| 03 Jan

Short Trade: Dollar General Corporation (DG)– 140.50

Top Stocks Bearish

Trade Details:

1. Resisting the upper trendline. It seems to be in bearish mode and fall sharply from current levels.
2. It is now stretched too much and it may fall down to retest its moving average lines.
3. Consistent trading in a rectangular zone, it may fall after the breakdown of that zone from higher levels.
4. If your risk Risk appetite allows you then you can increase your SL to 142
5. You have to wait for confirmation of the breakdown to enter into trade.
6. RSI is trading in the overbought zone and it will reverse towards lower levels.
7. Risk Reward 1:2.5+
   
   Trade, SL, and Target –

Entry = 139.88

Stop Loss = 141.14

Target = 136.50

Please note: This stock may open gap up and become high volatile so must enter only after it closes below 140 on 15 min charts.

Long Trade: Carrier Global Corporation (CARR) – 56.45

Trade Details:

1. Stock is trading at the strong support of the lower trendline, it will bounce very quickly.
2. As soon as it crosses its EMA then you can trail your stoploss at your entry price.
3. You can hold this trade for the bigger target after it closes in our favor or above 58.
4. RSI is trading flat near 34 and it will move towards higher levels.
5. Trail your stop loss to the entry price after getting a 1:1 risk reward.
6. Risk Reward = 1:4

Trade SL and Target –

Entry = 56.55

Stop Loss = 56

Target = 58.83

Please note: Follow the stoploss strictly and you can hold this trade for the next few days if it gives a good closing today.

Buy Trade: Seagate Technology Holdings plc (STX) – 82.69

1. This was very negative yesterday so it may fall deeper. So, be strict with stoploss.
2. If the market sentiment will be positive then we can hold this trade for the next 3-4 days.
3. There is also a support at the current levels so price may bounce again to the higher levels.
4. RSI is trading in the oversold zone around 26 levels and there is high chances of upmove.
5. Strictly follow the SL & Target and trail your stop loss around cost after getting a 1:1 risk-reward.
6. Risk Reward = 1:3+

Trade SL and Target –

Entry = 82.85

Stop Loss = 82.05

Target = 85.50

Please note: In case of gap down, ignore this trade and must follow the SL. You can hold this trade if it closes in our favor.

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