Search in ideas for "yes bank"
INTERESTING MOVE EXPECTED FROM YES BANK ,INSIDE BARS TRADING .1 ) NO 1 BAR ID MOTHER BAR OF NO 2.
2) NO 2 BAR IS MOTHER BAR OF NO 3 AND 4.
3)NO 4 BAR IS A SQUEEZED BAR.
4) EXPECTED BREAK OUT OR BREAK DOWN OF THIS CONSOLIDATION IN COMING DAYS.
5) WHILE CONSIDERING BAR 1 IT IS BEARISH BAR INDICATING DOWN TREND OR TREND REVERSAL OF ITS PREVIOUS TWO BARS.
6) INSIDE BAR TRADING TECHNIQUE MAY BE APPLIED HERE WITH PROPER STOP LOSS.
7) GO LONG WHEN PRICE BREAKS HIGH OF BAR 2 WHILE STOP LOSS AT LOW OF BAR 2 AND VICE VERSA.
8)HIGH OF NO 1 BAR WILL OFFER RESISTANCE TO ANY POSITIVE BREAK OUT AND LOW OF NO 1 BAR WILL OFFER SUPPORT TO BREAK DOWN.
9) OTHER SUPPORT AND RESISTANCE DEPICTED IN THE CHART.