Search in ideas for "yes bank"
Yes Bank view: Bearish to sideways...!!!Yes Bank
CMP 193.
Observations
- the stock has fallen more than 50% from the highs of 400 levels seen in Aug 2018
- in its attempts to pullback the stock is making lower tops on daily charts
Strategy
One may consider selling Yes Bank 200 Call option
Lot size 1750
CMP 6.6
At best, The strategy provides max 13.2% profit potential on margin amount of approx RS 87500.
Loss Risk is covered for a rise in stock up to 206.60.
Time period: 29 Nov 2018
Take care and safe trading...!!!
Yes Bank - Long term BreakoutYes Bank NSE:YESBANK had been trying to breach the 370-385 zone for almost a year !!
The stock has given a trendline resistance breakout as well as Ascending triangle breakout on Weekly charts.
Good stock to accumulate with a stop loss of 370.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
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
Yes Bank ( NSE YESBANK ) ReversalYes Bank Formed Doji on 9-Nov-2017 in Daily Chart.
Today's close price(304.65) > Previous day's close price(303.80)
Also previous day's low is not broken(301.85)
So,We can expect the bulls are still intact.
Anyway this is the way bulls vs bear trades.
so,we need to look both the sides.
This chart is purely for Educational purpose.