Search in ideas for "yes bank"
YESBANK SHORTYES BANK may be forming a cypher pattern. The stock can fall to the 35 levels and then see a rally upwards towards the levels of 50s. This can be confirmed ONLY if the stock hits the 30 levels and then starts reversing. For now the stock is a short with a downside of ~15 points.
Disclaimer: This is my personal view. Please do you own research before trading this stock.
YES BANK - EARN CAREFULLY!!AS INDICATED IN MY POST (30 AUG), THE PRICE CAME DOWN TO 55 AND THEN STARTED MOVING UP.
IT HAD REACHED A HIGH OF 62 ALSO FROM THERE. APPRECIATION OF 10% WAS ACHIEVED.
AT PRESENT, IT HAS MULTIPLE BOTTOMS AT 55. ONCE IT CROSSES 67 LVL, THEN 73 IS SEEN FROM THE CHARTS.
ALSO, IF IT IS FORMING A ROUNDING BOTTOM, THEN 80 IS THE NEXT TARGET ON HIGHER SIDE.
EARN IN THIS COUNTER KEEPING THE STOP LOSS AT 54.