NeeteshJain
Short

Yes Bank Channel Breakout

NSE:YESBANK   YES BANK
It is been observed that the price action is been trending up in an upward channel. Today, the price actions opens gap down breaking the channel, indicating high selling pressure. Currently the price action retracing to fill gap where there will be a good opportunity to sell it again.

Target:1185
Stoploss: 1300
Risk Reward: 1:3

Trade active: Gap is filled, Now good time to short.
Trade active

Comments

nice call, thanks
+1 Reply
Thanks!! Shorted and earned profits! :)
+1 Reply
NeeteshJain sachin.salve87
@sachin.salve87 Glad to know Bro, wish you the best. Regards
Reply
good call on Yesbank short...thanx
+1 Reply
NeeteshJain vrbulls123
Thanks for the appreciation. Now, the Gap is filled, would be a good time to short it. Regards.
Reply
Satty0007 NeeteshJain
Will try it in options ..Thanks
Reply
I am going through many of your charts and i find a strange pattern.......

Whenver a target mentioned by you reaches , u make sure that it is mentioned in the comments section.....

But when the trade stops outs , we do not see any update.....???any reason....
Reply
hello Sir, i had bought NIIT @ 106 now i m stuck can you advise what to do?
Reply
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