YesBank: Trade Against the Trend

Jul 11, 2017

Yes Bank should be on radar at this stage. Stock is in a short term uptrend. It is not yet confirmed if a new wave has started from 1401 or not. But what can be observed is that the price has been gyrating in a channel and is approaching the supply zone. One can look for a bearish setup in this zone and go short.

Hit like if this analysis is informative. Comments are welcomed.
Trade safe.

Best Regards
Bravetotrade

Jul 13, 2017

Note

Jul 13, 2017

Note

5th still has more juice. As of now channel short setup seems failed.
This wave has been radiating the probability of a fresh wave starting from 1401.

Jul 14, 2017

Order cancelled

Short setup failed. Look for longs only.