jaysingh123
Short

Yes Bank: Bears seems to be taking over

NSE:YESBANK   YES BANK
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3
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The price action seems to be following a channel. Today stock touched the upper trendline of the rising channel and faced stiff resistance. It found support @ 1498 level. A decisive break below 1498 may take the stock to 1485. Below 1485 it may go as far as 1460-1470 support zone where some consolidation action can be seen.
Jun 06
Comment: SL can be 1515 or 1521
Jun 06
Trade active: Trade was initiated on breakdown of 1498 and first target of 1485 has already been hit.
Jun 06
Comment: There might be a second opportunity to short on pullback near 1498.
Just look for a bearish pattern in the 1495-1500 zone.
Jun 07
Comment: Target 1485 hit again in second selling opportunity.
Jun 07
Trade closed: target reached: Second target reached..close at will.
SL can be 1515 or 1521
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MrAkshatP jaysingh123
@jaysingh123, good 1 bro... superb ..:)
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jaysingh123 MrAkshatP
@MrAkshatP, thanks bro.
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