Vashisht_CFTe

'YES' BANK KNOWS HOW TO SAY 'NO' TO BANKNIFTY

Long
Vashisht_CFTe Updated   
NSE:YESBANK   YES BANK
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.
Trade active: LONG AT 321
Comment: CORRECTION IN 1ST LINE OF DESCRIPTION - ITS AN INVERTED HEAD AND SHOULDERS
Trade 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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