Yes Bank stock presents a compelling opportunity for a swing trade, supported by strong technical indicators:

Reasons are listed below :
  • Multiple tests at the 21 levels culminated in a decisive breakout.
  • A significant marubozu candle on the weekly timeframe signals bullish momentum.
  • The breakout was accompanied by a notable increase in trading volumes.
  • Ongoing formation of higher highs indicates a sustained upward trend.
  • Positive positioning, as the price is trading above both the 50 and 200-day Exponential Moving Averages (EMA), reflecting momentum strength.

Target - 30 // 49
StopLoss - weekly close below 20.85

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Trade active:
price made a high of 8% from buying
Trade closed: target reached:
we got 28% on this trade and we are still holding
stock made a high of 36%+
Price retraced back to crucial zone of 21-22 and is now bouncing back
Bullish marabozu candle formed.

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