Short Trade: Trimble Inc. (TRMB)– 62.35
Top Stocks Bearish
Trade Details:
- Resisting the upper supply zone. It seems to be in bearish mode and fall sharply from current levels.
- It is now stretched too much and it may fall down to retest its moving average lines.
- Consistent trading in a sideways zone, it may fall after the breakdown of that zone from higher levels.
- If your risk Risk appetite allows you then you can increase your SL to 65 and hold this trade for the bigger targets.
- This seems like double top formation on the technical charts.
- RSI is trading in the overbought zone and it will reverse towards lower levels.
- Risk Reward 1:3
Trade, SL, and Target –
![](https://desieconomist.com/wp-content/uploads/2024/03/trmb04-1-1024x473.png)
Entry = 62.20
Stop Loss = 62.65
Target = 60.85
Please note: This stock may open gap up and become high volatile so must enter only after it closes below 62.20 on 15 min charts.
Long Trade: Sysco Corporation (SYY) – 79.96
Trade Details:
- Stock is trading at the strong support of the lower trendline, it will bounce very quickly.
- As soon as it hits EMA then its re-bounce chances will increase and you can make an entry.
- You can hold this trade for the bigger target after it closes in our favor or above 80.
- RSI is trading flat near 38 and it will move towards higher levels pf 70-75
- Trail your stop loss to the entry price after getting a 1:1 risk reward.
- Risk Reward = 1:3
![](https://desieconomist.com/wp-content/uploads/2024/03/syy04-1024x471.png)
Trade SL and Target –
Entry = 80.04
Stop Loss = 79.50
Target = 81.63
Please note:Â If the market sentiment is negative then wait for entry and enter only if it bounces back from its moving average support line.
Sell Trade: Trane Technologies plc (TT) – 285.98
- This stock is trading at upper resistance levels near 287.
- If the market sentiment will be bearish then we can hold this trade for the next 3-4 days for the final target of 270.
- There is also a supply zone at the current levels so price may fall again to the lower levels.
- RSI seems negative and price may fall towards its lower levels.
- Strictly follow the SL & Target and trail your stop loss around cost after getting a 1:1 risk-reward.
- Risk Reward = 1:3+
![](https://desieconomist.com/wp-content/uploads/2024/03/tt04-1-1024x472.png)
Trade SL and Target –
Entry = 286
Stop Loss = 287.20
Target = 281
Please note: In case of gap up then wait for reversal or enter after price triggers our entry levels.
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