Top Trading Ideas |BUY & SELL| 22 April

BUY Trade: Jack Henry & Associates, Inc. (JKHY) – 165.60

Trade Details:

1. This stock is trading at the lower support levels and it will trying to bounce again towards higher levels.
2. If the market sentiment will strong then it will give a good breakout which enhances the upside potential.
3. Final target price will be the upper trendline resistance level.
4. It may try to hit its 169 levels first after a breakout which is also its EMA levels.
5. After crossing above 169 you can trail your stop loss at 168 level.
6. RSI is bullish and currently trading at 53. It must be bounce to higher levels soon.
7. Trail your stop loss at entry price after getting a 1:1 risk reward.
8. Risk Reward 1:4+
   
   Trade, SL, and Target –

Entry = 165.51

Stop Loss = 164.30

Target = 171.75

Please note: Enter into this trade only after breakout otherwise it may continue to sideways in this range.

Sell Trade: L3Harris Technologies, Inc. (LHX) – 207

Trade Details: 

1. Stock will open little positive so wait for the bearish confirmation after opening.
2. There is a breakout but this breakout may be a trap for buyers and will fall again towards its lower support zone.
3. RSI is at 65 level which is near the over bought zone and it may also come down towards lower level.
4. Its EMA on the upper side will acts as a resistance level and price will return to lower level again.
5. Short term trend of this stock is also negative and price may continue to fall.
6. Risk reward ratio is also good above 1:3.

Trade SL and Target –

Entry = 205.67

Stop Loss = 207.37

Target = 200.25

Please note: Don’t hold this trade above its EMA support. Trail your SL at cost after 202.50.

Bullish Trade: Lennar Corporation (LEN) – 150.19

Trade Details:

1. Stock is trading at the multi time support zone and price will try to recover with the positive market sentiment.
2. RSI is also turning from the lower 30 zone and it will bounce again towards higher level.
3. Our target level is the the upper next resistance.
4. Market trend is trying to turn into positive so this will be the of of the positive stocks for today.
5. Risk reward ratio is 1:3+ and It may further try to touch the upper resistance level.

Trade SL and Target –

Entry = 150.32

Stop Loss = 149.04

Target = 157.98

Please note: It may fall little bit after opening so wait for first 10-15 minutes to become bullish and then enter into this trade.

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