Trending Stocks For Monday |BUY&SELL|25 Sept

Bearish Trade: Hasbro, Inc. (HAS) – 65.25

Trending Stocks Bearish trade

Trade Details:

1. As it breaks down the lower trendline, It may fall very sharply from the upper levels.
2. Breakdown of two different trendlines on Hourly charts and daily charts
3. It may take support around its 200 EMA but there is a higher chance of breakdown of EMA support.
4. RSI is very bearish and going down towards the bottom.
5. It may take more than 1 day to hit the target.
6. Trail your stop loss at entry price after getting a 1:1 risk reward.
7. Risk Reward 1:3.5
   
   Trade, SL, and Target –

Entry = 65.78

Stop Loss = 66.25

Target = 63.25

Please note: There is also a 200 EMA support on the lower side so you have to trail Your SL accordingly.

Bullish Trade: Eagle Materials Inc. (EXP) – 162.50

Trade Details:

1. This stock may reverse from the strong Trendline support zone which is also its EMA zone.
2. 200 EMA will also act as a support level on the charts.
3. Trade only if it crosses 161.50 levels on the hourly charts.
4. RSI is at 26 levels and it may go up to the higher levels because it is in the oversold zone.
5. Trail your stop loss to the entry price after getting a 1:1 risk reward.
6. EMA + Trendline makes the support very strong. If it reverses from current levels then you can hold for the target of 172 levels.
7. Risk Reward = 1:4+

Trade SL and Target –

Entry = 161.50

Stop Loss = 159.85

Target = 168.94

Please note: This chart is of Daily time frame so it may take a few days to hit our target. If you are in negative at the end of the day then close the trade for that day and enter again on the next day.

Long Trade: Monolithic Power Systems, Inc. (MPWR) – 449.25

1. The last day candle was a bounce from the support zone of the trendline.
2. It is the perfect price action in the upside direction. This stock may touch its 200 EMA around 480 levels.
3. This lower trendline acts as a support level for this stock.
4. we are seeing a good green candle which shows more interest from buyers in this stock.
5. RSI is bouncing from the oversold zone and it is now at 34 which shows the strength on upside.
6. Risk Reward = 1:3+

Trade SL and Target –

Entry = Above 450

Stop Loss = 446.87

Target = 459.80

Please note: You can hold this trade for the whole week it will give you more than expected. If it hits SL in 1st day you can enter again at the same given entry & with SL.

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