YesBank : Just say Yes to My Plan...

The Problem we have here is, we are in middle of C to D move & if you notice we have predicted two ways for YesBank to move up.

i) The first straight line (orange) - if that happens, I don't have any reason or setup to take trade. I will be just watching till it reaches 1570's zone - No Trades at all

ii) The pullback scene - Here Only on Bullish reversal , I will be taking the trade

Consider if first scene happens, people who are bit emotional chase that & feel like , I will get atleast next 40 points , even if there is no trade setup But professional traders will never do that mistake. We take only when the trade happens as per our plan. Hope you got the point :)
Comment: This one not active yet, its just in our zone. Wait for the reversal, if it never happens, trade is never on, Don't jump in !
taught metheimportance of patterns of level...thankyou
Sir.. how do you decide the safe zone levels to enter and the targets thereafter.. also the green & red box , is it a ready tool or you draw them manually.Thanks
@nep57, Hello,The Entry, target zone depends on trade setup we use.Tat tool is Long/short position tool available on left pane of chart , its available for all. Thanks :)
nep57 InsiderB
@InsiderB, Thank you. Sir, you doing a fab job by imparting your learnings to others. Great work
+1 Reply
not active till now, I guess?
InsiderB er.vivek2210
@er.vivek2210, not active
@InsiderB, can I go long at this price if not what is the good price for long? is 1460 is the SL for this tade
+1 Reply
So 1500 levels are good to enter? Looks like its going to give that opportunity today itself.
InsiderB dev_trader
@dev_trader, Actually wait for it, bcos with RBI policy meet is there.. so even if there is no fruitful event, swings can happen.. So entering after clear bullish reversal will be good idea 1510's to 1480's zone
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out