As you can see, there is a good Bolinger Band formation in YESBANK with good volume and, at the same time, it has broken the downtrend. I believe YESBANK will now move in a Bolinger Band, so continue to average near 20MA (i.e. the middle band of the Bolinger Band is 20MA). After breaking the trend, the chart has also retested the support.
Please keep the lower band on a weekly timeframe as your stop-loss, and also keep trailing your SL.
Disclaimer: I personally hold YESBANK.
For education purposes only.
Not a SEBI registered broker.
Please ask your financial advisor before investing.
Please keep the lower band on a weekly timeframe as your stop-loss, and also keep trailing your SL.
Disclaimer: I personally hold YESBANK.
For education purposes only.
Not a SEBI registered broker.
Please ask your financial advisor before investing.
Comment:
If YESBANK gives closing above 14.45 (sustains there 3-4 trading sessions) then we can expect a faster move.