YESBANK - TREND REVERSAL PATTERN FORMATION Long

YES BANKNSE

Description

⋅ Apr 6, 2022 5:44 PM

NSE:YESBANK

=Rectangle formation after a bear trend indicating short term trend reversal.

Yes bank has witnessed a very long bearish downtrend.

Yes bank has taken a support of lifetime low and its is consolidating heavily around that zone for more than a year

Have given a breakout from rectangle formation on daily timeframe with volume spike.

This might give follow up move in some time

Take small quantity above 15.25 for a swing trade and keep accumulating more on the breakout test zone.

# Have discussed how to trade rectangle pattern refer it for more detail.

Hope you found this helpful and I sincerely hope you find a ton of good rectangle formations to trade-in!

Happy Trading!

Trade active

⋅ Apr 7, 2022 5:36 AM