YESBANK weekly chart study - Broadening right angles triangle

Oct 21, 2018

YESBANK weekly chart study - Broadening right angles triangle with sliding parallels.

Nov 26, 2018

Note

Expecting 150 soon

Dec 5, 2018

Note

Was expecting Yes bank to make 150 as on 26th Nov when it was trading at 190+.
150 done on 29th Nov. Didn't expect it would fall so much so quickly however. Excuse me for the late update.

It took a bounce at the trendline by making a low of 146.75. Any move below 130 could trigger a sharp fall towards 100-70

May 10, 2019

Note

Yes bank taking support t the channel bottom

May 10, 2019

Note

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Yes bank taking support at the channel bottom. It could be a bounce or break for Yes bank from here.

May 10, 2019

Trade active

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Currently YESBANK is taking support at the channel bottom.

One can initiate a TINY position at CMP 163+ with a strict SL of 138.
Targets: Open

Its a RISKY COUNTER TREND TRADE. Recommend buying very small qty

May 17, 2019

Trade closed: stop reached

SL of 138 triggered.

Had recommend buying very small qty as it was a risky countertrend trade