rinkesh

No buyers for Yes Bank?

Short
NSE:YESBANK   YES BANK
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7
Yes bank seems to be falling from crucial Fibonacci level range of .50 - .618
Formed Bearish Marubuzo, Volumes are nearly twice the daily range. Throughout the day, fall has been consistent, as if bulls have completely surrendered to bears.
It seems that short term pull back/ retracement is over and stock is again in bearish mode.
One can go short at around 1450 with stop loss at 1490. Target is 1400 and further downfall is also hoped.

Thanks
Rinkesh Garg

Comments

breakdown thats perfect .... nice bro
+1 Reply
rinkesh MrAkshatP
@MrAkshatP, thanks, lets hope it works :)
+1 Reply
@rinkesh, good catch :)
+2 Reply
rinkesh bearishbull1968
@bearishbull1968, thanks sir :)
Reply
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