gr.sanjeevkumar

YESBANK: Make or Break - Short term

Short
NSE:YESBANK   YES BANK
YESBANK (Daily)
Rising Channel Breakdown; Currently at 38.2% fibo retracement of the recent up run, which is also a good support;
With RSI downward trending, if price breaks 253, the next supports are around 245, 230.
On the contrary, the trend can reverse only above 270.

The charts posted by me are only for learning and not for trading purposes!
I am not responsible for any trade action taken by anyone whomsoever on the basis of the views published!
I am not a certified Technical Analyst or SEBI Registered Investment/Trade Advisor!
Comment: Phew! What a breakdown!
Looks like this could see 230 by tomorrow; Lets watch the fun!
Comment: Came so close, up to 233.65! A close above 245 may push it back to the DB level!

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