achalmeena
Long

YesBank seems to be at bottom go Long

NSE:YESBANK   YES BANK
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All targets and levels have been explained in chart.
RSI is good.
It has already gone down many points
though it may be risky bet as NIFTY closed in RED today.
Please note that all targets are valid for 1-2 days.
My first target is very conservative next target level is 374 or you may keep in between it i.e. 371.5
Don't forget to keep trailing stoploss

(Tag is Gann Theory - I am practising it and cannot reveal)
Aug 31
Comment: Saved, trade did not initiated I

Recent significant high was approx 400,
Sq root(400) = 20 -1 = 19
Sq (19) = 361 was low level. So every one thought it to get support from this level , however, it has breached it in the morning itself.

Now new resistance is 361 for near future.

Coming to down side , Sq18 = 324 or 325 could be good support,

360-324 = 36 is difference, .618 of 36 subtracted from 360 = 338 another target or support, if breached will land to 330 /325

CMP at the time of post is 339.5

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