Yes Bank stock presents a compelling opportunity for a swing trade, supported by strong technical indicators:
Reasons are listed below :
Target - 30 // 49
StopLoss - weekly close below 20.85
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
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
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
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
Comment:
stock made a high of 36%+
Comment:
Price retraced back to crucial zone of 21-22 and is now bouncing back
Comment:
Bullish marabozu candle formed.