POSITIONAL TRADE IN YESBANK SEPT FUT for NSE:YESBANK by manavtechresearch

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trendanalysis indicator bullishengulfing futures positional trade rsireversalspike

POSITIONAL TRADE ON YESBANK
SEPTEMBER FUTURES
BULLISH ENGULFING IN YESBANK
GOOD ENTRY LEVELS
ACCUMULATE
BUY@343
STOP@333
TARGET@380
LOT:1750
QTY:2

Trade active: please correct the information on the charts are creted for a call before this new call please look above for buy levels

Trade active

Trade closed: stop reached

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Comments

It had good recovery from below 330..
@12:04pm Is it falling down towards 308???

but still RSI & MACD are not the same having risk in buying share at this moment !!!!!!

PrafulSarang

@PrafulSarang, remember this praful if you are trading/investing you are taking risk in the market now the question is that are you experienced enough to conquer your emotions and buy the dips in the market?
TECHNICAL REASONS:1-buliish engulfing pattern is one of the strongest patterns in candlestick study+2-RSI has shown reversal and MACD is losing negative momentum

manavtechresearch

@manavtechresearch, Is crossover and stability above 200DMA a good sign??? Please understand I'm very new to trading.
And Thank you for your time and trade
analysis.

skav71

@skav71, yes it is ..

manavtechresearch

@manavtechresearch, Thank You Very Much!!1

manavtechresearch

@manavtechresearch, yes sir i understand it will take time till next week as now it will give a range bond.