Top Stocks to Trade |BUY & SELL| 7 Sept

Short Trade: Boston Scientific Corporation (BSX) – 53.86

Top Stocks Bearish

Trade Details:

1. Resisting the upper trendline. It seems to be in bearish mode.
2. It may touch its EMA which is around 52.32 levels.
3. It may try to fill the gap that was created due to the GAP UP opening.
4. If it hits our SL then you must exit because it may go opposite very sharply.
5. You have to wait for confirmation of the breakdown to enter into trade.
6. RSI is also looking negative and it may touch lower levels.
7. Risk Reward 1:3.7
   
   Trade, SL, and Target –

Entry = Below 53.78

Stop Loss = 54.26

Target = 52.05

Please note: Trail your SL at cost after getting 1:1 R:R. Must exit the trade above 54.25

Long Trade: Aptiv PLC (APTV)– 102.35

Trade Details:

1. APTV is taking support at its 200 EMA.
2. A trendline is coming out of upper levels, the price may break the trendline and go to the previous high.
3. Strong price support + Psychological Support around 100 levels.
4. RSI is trying to reverse from lower levels, current RSI is bullish.
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 = Above 102.55

Stop Loss = 101.93

Target = 104.42

Please note: Trade with market momentum, If overall market sentiment is negative then ignore this trade.

Buy Trade: Honeywell International Inc. (HON) – 184.50

1. This stock is trading around a big support zone.
2. Resistance is around 200 EMA which also comes at trendline resistance.
3. You can wait for the bigger target if it continues the reversal.
4. RSI is in an oversold zone and it may bounce very fast to upper 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 = Above 184.89

Stop Loss = 183.62

Target = 188.84

Please note: Don’t trade this stock in case of GAP Down. You can try twice in this trade if it takes SL in 1st try.

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