'YES' BANK KNOWS HOW TO SAY 'NO' TO BANKNIFTY
Updated
DIVERGENCE BETWEEN BANKNIFTY AND YESBANK WITH A HEAD AND SHOULDERS ARE TWO OF FEW REASONS TO GO LONG ON THE COUNTER.
ITS IMPORTANT TO UNDERSTAND THAT A COUNTER FINDS DIFFICULTY IN GOING UP WHEN ITS PEERS ARE GOING DOWN, NEVERTHELESS THE REASONS MENTIONED ON THE CHART MAKES YES BANK A GOOD BET TO PLAY ON THE LONG SIDE FOR SHORT TERM.
ITS IMPORTANT TO UNDERSTAND THAT A COUNTER FINDS DIFFICULTY IN GOING UP WHEN ITS PEERS ARE GOING DOWN, NEVERTHELESS THE REASONS MENTIONED ON THE CHART MAKES YES BANK A GOOD BET TO PLAY ON THE LONG SIDE FOR SHORT TERM.
Trade active
LONG AT 321Note
CORRECTION IN 1ST LINE OF DESCRIPTION - ITS AN INVERTED HEAD AND SHOULDERSTrade closed: target reached
ACHIEVED BOTH TARGETS 335,339 IN A SINGLE SESSION.HIGH MADE 340 AS OF 2.15PM 26-04-2018
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