Breakout in Yes Bank Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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Nifty Confirm Targets For Friday Nifty One Hour Time Frame Chart Analysis For Day Trading with Open Interest Analysis with Trading Guide
Nifty Demand and Supply Zones for Day Trading
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 18030 - 18020
Second Support Zone For nifty50 – 17945 - 17955
Third Support Zone For nifty50 – 17818 - 17825
Resistance Zones For nifty Intraday Trading
First Resistance Zone For Nifty – 18130 - 18140
Second Resistance Zone For Nifty – 18181 - 18170
Third Resistance Zone For Nifty – 18230 - 18240
Nifty Option Chain Analysis
PCR ratio as per Option Chain Analysis – 1.06 ( Bullish )
Max Pain As per Option Chain Analysis – 18000
Major Resistance as Per Nifty Open Interest Analysis – 18200
Major Support as Per Nifty Open Interest Analysis – 17800
Stock Market Confirm News
Edelweiss Mutual Fund raises stake in Yes Bank shares in Jan 2023
Govt cuts windfall tax on crude oil , ATF, export of diesel
Indian Railway Finance Corporation ( IRFC ) stock of Indian Railways fell 2 per cent , It is a Finance Providing Company for Indian Rail .
32 # Yes BankCan NSE:YESBANK be a Multi Bagger Stock ?
Reason Being:
1. Stock Consolidating in the zone of Rs. 10 to 20 for almost 2.5 years
2. Resistance Breakout with Heavy Volume
3. Breakout with Rounded Bottom Formation indicating a reversal in the NSE:YESBANK
4. OBV showing a successful Breakout as OBV
5. EMA 20 Crosses Above EMA 50 in Weekly Time Frame
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#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education purposes.
Dish TV regime change can lead to positive rerating of the ShareDISH TV is a risky bet where there is impending news of a management change enforced by Yes Bank which invoked the shares pledged by the promoters.... stock is moving in a rising channel and has come out of a rounding bottom.. stop loss is Rs. 16/- on closing basis with target of Rs. 28.50/- Use own judgement for allocating capital.
long consolidation in INDIABULLS HSG FINANCE (negative view)INDIABULLS HSG FIN is currently weak in chart with rsi below 50, the stock lost its momentum after its weak quaterly result and lost all his weekly gain.It will go on long consolidation beforeit shows a good momentum upside.Multiple resistance at 253 and 240 level. closing below 230 (50)ema will further makes its trend more weak and stock will move towards 208.Weekly closing above 253 will make new way to 300 level
BUY only for swings dont hold for long term.
WE are in bull market and this stock has given only 3% return in a year . Retailers expecting magic to happen similarly like ( yes bank) .Retailer always loose money because cheap gets cheaper here.
DISCLAIMER- (personal opinion )-no genuine delivery buyers are there in this stock ,80% of the people do intra in this with Fibonacci level .Too many fiis and diis struck at higher level around 400,500 will exit and sell on every rise.promoter holding 21% retailer holding 35% (insane).Highly volatile stock with option writers manipulating at each level.
YESBANK Breakout!! Possible 2X!! Lot of factors in favor of entering Yes Bank at this price... There may be initIal resistance arnd tgt1 level but can easily go up to tgt2 level..
it all depends on the earnings release in Jul.. If results are positive can even hit 70 levels ..
Monitor around tgt levels.. Support is very strong under 12.. risk to reward is very high
YESBANK WEEKLY CHART VIEW!!#YESBANK WEEKLY CHART VIEW!!
Yes Bank Ltd.
Their is no changes in the trading sentiment, price maintaining negative trading below 5Ma: 13.85.
Technically 12.75 - 12.30 - 11.10 are supports for the price now.
On the flip side sustainable trading above 14.25 can try to test 15.25 - 15.60 - 16.40 - 17 on the upside. All should consider as resistances.
Watchout for Yes Bank!!!Short Term chart for the company is forming a descending triangle pattern with lower highs and same lows. The stock has been taking support in the range of 13.95 to 14.05. Looking at the Fibonacci retracement levels, the stock has been taking support at 0.5 level. The stock has had a gap down opening at fibonacci level . This would be my first target for the stock provided it breaks out of the descending triangle positively. My second target is at 18. The lower side target would be at retracement level 0.618. The stock is currently trading at its support zone. The stoploss should be set at 13.35 if buying at current levels. We should wait for the stock to breakout from the triangle and only then would make some position in the trade.
JP Associates It's a penny stock. Looks like some corporate action is taking place , where operator has derived the stock pricing from 2 INR TO 4 INR. Stock AIM 100 & Stock Shoot 100 to hence RSI is above 100.
In liquid markets these scripts are manipulated by the operator.
Unless you know any insider corporate news , kindly stay away from the script. Its the same situation like Yes Bank or any under 10 bucks script.