Search in ideas for "yes bank"
YES BANK Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Yes Bank in bullish ChannelNSE:YESBANK
- Broken its previous swing low of 221 created in November 2016
- Broken its previous swing high of 246 created on 25th January 2019
- Growing volume on a consistent basis
- Once it breaks its previous high of 256, it shall attempt to fill the September gap
- Also close to 200 DMA at 261.80
YES BANK Moving in a ChannelYESBANK has been my favorite to trade for last 6 months since the fall from highs . Have been trading it in and out for many days . It is now moving in a parallel channel and resting on a support zone. Can go short at CMP or break of level .
Good candidate for short as long as it doesnt go over 238 levels .
yes bank - recovery may take longWeekly chart - 5 years. Stock unlikely to break the band of 170-185. Now the next level to watch is 230-240 when the stock rises. It is difficult to cross once reached. If crosses the barrier band of 230-240, it will head towards 300 quickly. This may take 6 months to 1 year or more.