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 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
HIGH MADE 340 AS OF 2.15PM 26-04-2018