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I published Yes Bank long idea yesterday but mistakenly as a private idea. Rectifying my mistake.
It would be interesting to see this idea in a negative market environment.
Regards.
The Stock has nicely formed Flag pattern and gave breakout today. One can buy the stock now or on dips where low of today is affordable Stop Loss. Flag are good reliable pattern that rewards fast so it could reach the target of 625 - 650 in 5-6 trading days.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading ...
-Nifty has been in overdrive mode and has risen over 6% in little over two weeks. A swing low is overdue.
-Steep rising wedge pattern on Nifty's 75 min chart.
-Index has failed to cross the resistance zone and has formed a double top pattern.
-5 point bearish divergence on RSI.
-6 point bearish divergence on Stochastic.
-5 point bearish divergence on MACD. ...
this stock is good condition then it's peers..
Natco is facing lot,s of Resistance and support as you can see on chart..
if you have already this stock.. hold this ...with a stoploss of 690.
And if you want to make a fresh position .. wait for the confirmation of ascending triangle pattern ( upside or downside we can find after confirmation ) .
comment your ...
Bharti Airtel looking strong at current level. After correcting from 540 levels it has formed base at 375 - 380. Currently stock has broken out of a falling wedge pattern and has also formed a downward channel pattern formation. One can go long here with Targets - 412/421/432/437. SL- 392
The stock can also possibly form a Head and Shoulder pattern.
