Sell Trade: Salesforce Inc (CRM)
Trade Details:
- High volume selling because of gap up opening.
- RSI is in the overbought zone at 76+
- In case of a Gap up or Gap Down opening, Do not enter into the trade this may be risky according to our Risk reward.
- Risk-Reward Ratio = more than 1:2
- Enter after crossing the entry price after opening flat
- You can enter again in the trade if it crosses the entry level after hitting a stop loss.
Trade, SL, and Target –
Entry = BELOW 220
Stop Loss = 221.55
Target = 216.15 AND 214.20
Please note: Please make sure not to enter into a trade in case of a Gap-Up opening or Gap down opening. If this stock opens flat and makes a breakdown only then enter into the trade.
Bullish Trade: Nike Inc. (NKE)
Trade Details:
- Crossed above 200 EMA
- RSI is at 44, and it is in an upward trend
- It is reversing from a lower support zone which attracts buyers but it is in a downtrend in the daily time frame chart.
- Risk-Reward = 1:2, it may touch a higher level but don’t forget to trail your stop loss accordingly.
- You can enter again in the trade if it goes up after hitting stop loss.
Trade SL and Target –
Entry = 107.65
Stop Loss = 106.85
Target = 109.25 & 111
Please note: Don’t trade in case of a Gap up or Gap down opening. Trade will be executed only if it opens flat and breaks the price in an upside direction. You can also wait for the second 15 minutes candle to observe the price action and if INDEX opens up negative then don’t trade this
Long Trade: Starbucks Corp (SBUX)
Trade Details:
- It closes above 200 EMA and tries to break out.
- It may reverse from the yellow trendline resistance
- You can hold this trade with a strict SL of 99 because it can give a breakout also which leads to a steep increase in this stock prices
- Risk-Reward = 1:2
- RSI is also in an uptrend, above 52
Trade SL and Target –
Entry = Above 100.20
Stop Loss = 99.40
Target = 101.90 & 104
Please note: You can wait if the prices consolidate at this level because it may give a big breakout if if go up by making a pause trading sessions.
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