Short Trade: Boston Scientific Corporation (BSX) – 53.86
Top Stocks Bearish
Trade Details:
- Resisting the upper trendline. It seems to be in bearish mode.
- It may touch its EMA which is around 52.32 levels.
- It may try to fill the gap that was created due to the GAP UP opening.
- If it hits our SL then you must exit because it may go opposite very sharply.
- You have to wait for confirmation of the breakdown to enter into trade.
- RSI is also looking negative and it may touch lower levels.
- Risk Reward 1:3.7
Trade, SL, and Target –
![](https://desieconomist.com/wp-content/uploads/2023/09/bsx-7-1024x456.png)
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:
- APTV is taking support at its 200 EMA.
- A trendline is coming out of upper levels, the price may break the trendline and go to the previous high.
- Strong price support + Psychological Support around 100 levels.
- RSI is trying to reverse from lower levels, current RSI is bullish.
- 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/2023/09/Aptv-7-1024x457.png)
Trade SL and Target –
Entry = Above 102.55
Stop Loss = 101.93
Target = 104.42
Please note:Â Trade with market momentum, If overall market sentiment is negative then ignore this trade.
Buy Trade: Honeywell International Inc. (HON) – 184.50
- This stock is trading around a big support zone.
- Resistance is around 200 EMA which also comes at trendline resistance.
- You can wait for the bigger target if it continues the reversal.
- RSI is in an oversold zone and it may bounce very fast to upper 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/2023/09/Hon-7-1024x462.png)
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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