Amit_Ghosh
Long

Yesbank Intraday Consolidation

NSE:YESBANK   YES BANK
Yesbank is in consolidation in the area of 1700-1750. The recent fall of Yesbank is caused due to the fiasco of Trump and our North Korean Leader's threats which led NIFTY to fall.

Last Thursday, Bank NIFTY recovered with major strength dragging our main index but Yesbank didn't participate in this movement.

Also, the NSE Page of Security-wise Price Volume (https://www.nseindia.com/products/conten...) suggests that it is being accumulated at the levels of average price of 1734.

If we speak in terms of options, it will be awesome to sell Yesbank Sep 1700 PE which is trading at 42.95 or Yesbank Sep 1680 PE which is trading at 29.55

But, Yesbank Aug 1700 PE which is trading at 9.5 looks lucrative too.


Aug 27
Comment: This trade has no stop-loss mentioned in case of futures trade; I shall manually update it. Wait for the long term view. Making another chart shortly.
Aug 28
Trade closed: target reached: Both of the targets are reached at one go. Thanks to the new on Doklam Stand off; Let's close it now and re-open again later on.
Get trades instantly and discuss them with me at my Slack Channel @ https://unofficed.com/chat/

Our community is full with traders who actually trade!

Discord: https://discordapp.com/invite/qmnGD2x

Telegram: https://t.me/unofficed

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out