Top Trading Ideas |BUY & SELL| 15 Mar

BUY Trade: FirstEnergy Corp. (FE) – 38.02

Top Trade Details:

1. This stock is in very strong uptrend and the price will go up after every pullback.
2. If you want to trade with high confirmation then enter above its last consolidation zone.
3. If the market opens a Gap down the it may fall further towards its lower EMA support zone.
4. If the market sentiment will negative then wait for entry into this trade. Enter near its EMA levels.
5. After crossing above 38.50 you can trail your stoploss at your entry price.
6. RSI is bearish and it will try to reverse from current levels as price hits support.
7. Risk Reward 1:2.5+

Entry = 38.07

Stop Loss = 37.71

Target = 39

Please note: If it opens gap down then wait for the bullish sign on 15 min charts and then enter into this trade at EMA support.

Sell Trade: C.H. Robinson Worldwide, Inc. (CHRW) – 75

1. Price has opened very big gap up and now it will try to fill the gap and correct itself.
2. You can enter on second 5 minute candle after gap up opening with strict stoploss.
3. There is also a support and we are expecting a sharp fall after a breakdown of last green candle.
4. Its in a bearish trend and facing resistance at its EMA levels.
5. You can keep your stop loss strict because it is in bullish trend and we trade for reversal.
6. RSI will open gap up near 70 levels and start falling down from that levels.
7. Risk Reward = 1:3

Entry = 76

Stop Loss = 76.70

Target = 72.50

Please note: If it opens gap up then wait for first 5-10 minutes then trade for the downside it it doesn’t shoot up.

Long Trade: Delta Air Lines, Inc. (DAL) – 43.06

1. There is a trendline breakout and it is giving a small pullback and now preparing for the bounce again.
2. It is taking support after the breakout and will go very quickly now.
3. Price is also taking support at the previous breakout levels and there is also a bullish sign at bottom.
4. It is consolidating in a range which is also a sign of upcoming uptrend.
5. Trade only above the entry point otherwise it may reverse to the lower levels.
6. RSI is trading near 55 levels and it may go upto 70-75 levels after a little sideways.
7. Risk Reward = 1:3

Entry = 43.25

Stop Loss = 42.75

Target = 44.50

Please note: If the market sentiment will be positive today then you can hold this trade for the next week.

This stock is in very strong uptrend and the price will go up after every pullback.

If you want to trade with high confirmation then enter above its last consolidation zone.

If the market opens a Gap down the it may fall further towards its lower EMA support zone.

If the market sentiment will negative then wait for entry into this trade. Enter near its EMA levels.

After crossing above 38.50 you can trail your stoploss at your entry price.

RSI is bearish and it will try to reverse from current levels as price hits support.