YES BANK closed at Rs. 115.80 on Monday (NSE, 17/06/2019). For the past few trading sessions, it followed a triangle like pattern.
It is waiting for breakout or breakdown from a range.
The opening of SGX Nifty today is positive. There are lot of chances for gap up opening and it can reach the defined target within few trading sessions.
In case of a breakdown from the support line, the target can be found from the graph for both side moves.
Breakout: Target Rs. 117.80
Breakdown: Target: Rs. 104
It is waiting for breakout or breakdown from a range.
The opening of SGX Nifty today is positive. There are lot of chances for gap up opening and it can reach the defined target within few trading sessions.
In case of a breakdown from the support line, the target can be found from the graph for both side moves.
Breakout: Target Rs. 117.80
Breakdown: Target: Rs. 104
Comment:
Breakout Target: Rs.127.80
Comment:
Trail Stop Loss to Rs.113. There is a chance for achieving the target tomorrow.
Comment:
Trail Stop Loss to Rs.112
Trade closed: target reached