Yes bank Yes bank is making lower highs and higher lows any retracement or pullback should be used to short the points A,B,C ,F H,J K,M,N REPRESENT HIGHS AND THE POINTS D,E,G,I,L REPRESENT THE LOWS THE TREND TILL THE POINT G WAS BEARISH AND IT TURNED BULLISH AFTER THE POINT J WAS BROKEN ANT THE POINT L PROVIDED GREAT SUPPORT,NOW YES BANK HAS FAILED TO BREAK IT'S RECENT HIGH N AND IT HAS MADE A LOWER LOW NEAR M SO THIS MEANS YESBANK COULD TURN BEARISH AND EVERY RETRACEMNT OR PULLBACK SHOULD BE A SELL
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YES Bank reversalYES bank was not able to close above the 1390 levels and opend below as what i feel is its Resistance at 1390.40, I am going short an Yes Bank at 1376.50 with an immediate target of 1349.81, if it trades below that level keep ultimate target of 1300. Stoploss for this trade is at 1410.
Yes Bank approaching bearish channel supportYes Bank has been trading in down trend in a channel, it has touched the channel resistance and approaching the channel support or crucial 50% fibo level around 1037 in near term, traders may enter short in yes bank with target of 1037. it may retest the resistance once again if market go green then short there.
Yes Bank is Best Example of Cup and Handle Pattern now in RangeYes bank is the best example of the cup and handle pattern in the past and now in the range
1. Cup pattern start July 2020 at 21 Rs
2. Cup complete on Jan 2023
3. handle starts when it rejects of 22 Rs
4. handle complete on Dec 23
5. move bang to 32 Rs
and after it rejects to 21 and makes it support line and its in range of 21 Rs to 28 Rs
Disclaimer- The chart is for educational purpose only
YES BANK UP MOVE??YES BANK can give a good positional trade for long term as it was gaining good volumes at its best support. one can go long WITH A SMALL STOPLOSS for bigger targets
ENTRY - 23.75
STOPLOSS - 22
TARGETS- 30, 35,50++
NOTE- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
YES BANK WEEKLY GANN LEVEL ANALYSIS 27/01/2024Yes bank has hit the high at 26.25 recently. Growth will happen above 26.05. Major support at 22.15 and below it is 19.55. Trend will change below 19.55.
Short term traders can use 24.10 as a buy with 23.70 as stop loss with targets of 24.90 , 25.30 and 25.70.
Happy Trading !!!
N.B. Not a Trading Advice. Use your discretion and risk Reward Profile for trading. With all usual disclaimers as applicable for this beautiful trading and analysis platform.
YES BANK MIGHT GIVE A RALLYYES BANK might give a good positional opportunity..
entry above 25 or 25.5
with a Stop loss at 22-22.5
for TARGETS like 28,32, 45, 80++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
Yes bank current trend and probability yes bank share which is in down trend since past year and consolidating in lowest range (16-10)for few months . it try to close above 200 dma with 50 dma crossing above 200 dma few months back around 15.50 roughly but not sustained.
now price closes above 200 dma since few days and now just near to cross 50 dma crossing 200 dma . with some kind inverted pattern but tech indicators trend /individual stock trend fundamental/ sector trend/ one need to cautiously observe and its sustainable move . so no view . posted as only to learn technical analysis through sharing. market risk always there and so of one’s with there decission. so aways confirm techno funda before any action .no one responsible for anyone profit or losses.
YES BANKyes bank was technically good, As per me upcoming weeks are bullish, just read again the upcoming week not days,
so just invest and the rest of leave for the market.
support area I'll mention in the chart Area.
And Target Area would be I'll mention the trend line. so pls think bigger picture.
you'll get an idea on investment.
This is only for educational purposes only.