Search in ideas for "yes bank"
Yes bankthe main draw back with this stock is that it is below 200 EMA. that is not suitable for long term bait but for this stock we have special strategy and what is the strategy that first we enter for short and mid term when the stock cross the 200 EMA. we will continue be in trade for long term but if it is rejected from 200 EMA we will close the trade
YES Bank EW analysisOm Namah Shivay
The Initial pattern suggested
should be corrective pattern
which is fully retraced back
with a Zigzag. The movement
is supported with divergence.
This is for educational purpose only. There are no trading recommendations.
Om Namah Shivay = Soul (the I) respects Shiva ( the supreme Soul)
#YESBANK WEEKLY CHART VIEWYes Bank Ltd.
There are no huge changes visible as per momentum.
Price had broken trading below 5MA : 14.75 and maintaining a negative sense.
Weakness below 14.25 may drag the price towards 14 - 13.75 - 13.55- 12.50 - 11.90 - 11 on the down side.
On the flip side 15.25 - 15.60 -16.40-17 are supposed to act as resistances.