YES Bank has seen a dramatic downfall. RBI has trim "Rana Kapoor" term, investors has shown their worry and that created a panic.
Currently, YES BANK is available at its long term support and it can be a good buy from here. It is also at oversold level as per RSI.
Below are the stats for your consideration:
Buy Side Stats:
CMP: 226.50
Make a long position above 220 with the SL of 217
Short Side Stats:
CMP: 226.50
Make a short position below 217 with the SL of 220
My only motive is to give smallest SL, you can keep your target as per your wish. However, please trade with strict SL.
Currently, YES BANK is available at its long term support and it can be a good buy from here. It is also at oversold level as per RSI.
Below are the stats for your consideration:
Buy Side Stats:
CMP: 226.50
Make a long position above 220 with the SL of 217
Short Side Stats:
CMP: 226.50
Make a short position below 217 with the SL of 220
My only motive is to give smallest SL, you can keep your target as per your wish. However, please trade with strict SL.
Trade closed: target reached:
Happy Trading: closing the call at 231.75
Trade active:
Activating the call again as hovering around the golden level.
Trade active:
Below 217, it made good low of ~197 and closed above 219, which is a good sign. call is still active. keep making money. Happy trading!!