NeeteshJain

Yesbank - Trendline Breakout

Long
NSE:YESBANK   YES BANK
It has been observed that the price action breaks out above the 6 months trendline and confirmed the breakout by re-testing of trendline by forming a bullish candlestick . The breakout is also confirmed by the RSI Bullish Divergence . Therefore, price action is expected to go further up from here on. T1-17.5, SL 14

Comments

should i enter today or monday?
+2 Reply
@ritenjee, when in doubt..spread your purchase..buy some today...some later..
+1 Reply
dipdeepdip ritenjee
@ritenjee, never
Reply
todays movement says it will stay stay stagnant
Reply
NeeteshJain ritenjee
@ritenjee, As per my analysis, I would suggest to enter tomorrow with SL 13.6. If you're conservative trader then enter once price action goes above 15. If you would to hold for longer term then start accumulating with SL 13
Reply
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