Become a logicalchat Member

Latest Post

Your story starts here. Sign up and let's connect in ways that truly matter!

HomeTrading FocusedTop Stocks to Trade |BUY & SELL| 04 March

Top Stocks to Trade |BUY & SELL| 04 March

Short Trade: Trimble Inc. (TRMB)– 62.35

Top Stocks Bearish

Trade Details:

  1. Resisting the upper supply zone. 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 sideways 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 65 and hold this trade for the bigger targets.
  5. This seems like double top formation on the technical charts.
  6. RSI is trading in the overbought zone and it will reverse towards lower levels.
  7. Risk Reward 1:3

    Trade, SL, and Target –

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:

  1. Stock is trading at the strong support of the lower trendline, it will bounce very quickly.
  2. As soon as it hits EMA then its re-bounce chances will increase and you can make an entry.
  3. You can hold this trade for the bigger target after it closes in our favor or above 80.
  4. RSI is trading flat near 38 and it will move towards higher levels pf 70-75
  5. Trail your stop loss to the entry price after getting a 1:1 risk reward.
  6. Risk Reward = 1:3

Trade SL and Target –

Entry = 80.04

Stop Loss = 79.50

Target = 81.63

Please note: 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

  1. This stock is trading at upper resistance levels near 287.
  2. 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.
  3. There is also a supply zone at the current levels so price may fall again to the lower levels.
  4. RSI seems negative and price may fall towards its lower levels.
  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 = 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.
To get regular updates on stocks, please join our Discord community.

Our Articles on Long-Term Stock Analysis

My best read on trading is this Book

Related Post