nirav5

Yesbank approaching resistance zone

NSE:YESBANK   YES BANK INR2
70 0 2
Yesbank is approaching it's resistance 1180 - 1200 (previous support zone ).
We have a harmonic setup building up on the hourly chart.
Short position can be created once price gets rejected from the above zone.

SL 1193.
I will update the targets once reversal is indicated.
Comment: It touched 1184 once and rejected from there, Let us wait for one more session if it can come any near to the zone 1190 - 1195.
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