Yesbank at Monthly Demand Zone

YESBANK post recent crash is at Monthly demand zone

RSI is Oversold at 17

Delivery of 11 Crore happened on 21st Sep i.e. 39.5 % of total traded qty

It could be a good Risk reward ratio bet for long term

Buy at CMP i.e. 226

SL 199

Target 274

and close above 290 then 313.8

and close above 330 then 349.4 and 359.1

it will for sure test the patience

Trade active:

closed today at 226 , SL intact

Trade active:

Broke our SL and then back quickly above 199.
Now 159 will be the SL for longs

Risky bet though so take your own discretion

Trade active:

From 200 levels to 237..nicely going.

Keep trailing your stop loss so that we dont loose the winning position