AbhishekHSinghCMT

Yes Bank- Above 1250 Flag Activates

Long
NSE:YESBANK   YES BANK
312 views
11
Likely we are travelling in B-Wave from 1449 top- which has completed A-Wave@1155 lows- Now we are travelling into B-Wave which is incomplete looks like it will subdivide itself into smaller a-b-c move.

Trading opportunity
There is flag forming -once it moves above 1250 -one can take 61.8% distance of the pole which is shown as blue line before flag as a target or equality target of that pole.
61.8% comes to the zone 1270-1275 & equality distance comes to 1300-1310

Regards,
Abhishek H. Singh, CMT
Trade active: 10:53 Hrs 27th Sep2016

Eventhough 1250 has been taken out & makes a high 1251 - Likely Prices should sustain above that level to show us upside direction or it will likely trouble all bulls for time being.
Trade active: 10:22 Hrs 28th Sep2016

Day's High- 1268.45

Above 1250 -Yes Bank Sustains -Almost Kissed our 1st target zone 1270-1275
Trade active: 13:07 Hrs 28th Sep2016

Trading@1270

Likely Post 1st Target Zone of 1270-1275 - It will retrace - Need to check what kind of movement is it? So I will close all positions & monitor its price action
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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Comments

Lot to learn from your post :) Thanks.
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AbhishekHSinghCMT QuestionMode
Learn & Also teach others - don't keep that knowledge to yourself- that way we grow even bigger in our knowledge.
+1 Reply
Sir ji beautiful,learning lot from your explanation
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Thank You
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how do you enter ? as soon as you see the level, you enter, or you wait for some other confirmation like candle close etc...
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I wait to see in 15 minutes chart as well that swing is taken out like 1250 its sustains above that level likely sometimes it will give a wick kind of candle -which suggests that the area is being rejected. at crossover point -surely I will be happy if I get some bullish candlestick formation
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walter0202 AbhishekHSinghCMT
Thanks :)
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