AbhishekHSinghCMT

Yes Bank- Above 1250 Flag Activates

Long
NSE:YESBANK   YES BANK
313 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

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