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nirav5
Nov 27, 2016 4:03 PM

Yesbank approaching resistance zone 

YES BANKNSE

Description

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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