Search in ideas for "yes bank"
2nd trade in yes bankIn 1st trade price not trade below 200 or trade not active
now at this time if price can close below 204 than possible swing up to 122
so our trade setup is
if price close below 204 than sell for 167
below 167 next possible target is 146
or below 146 next target is 122
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b] "It always seems impossible until it's done." - Nelson Mandela
is it wise to go long on yes bank now?As explained on the chart There is M formation pattern, and the retracement to this level is very struggling, next week result, previous results were not satisfactory, one should wait for the result to take any call either to reduce or go long, so now neutral, better to stay away from ysebank at present
TREND IS OUR FRIEND YES BANK TREND CONTINUATION The very first trend profit booking was happened near 1450 levels and price manged to correct sharply from the top to 1157 levels and finally price taken you turn @ 1090, Price moved on bullish trend made fresh high 1651.50 & vertically crashed taken support near Fibonacci 50% re-tracement zone after that failed make newer lower lows, there is minor trend line area support 1410 levels. Now the key concern for bullish trend expiry rollovers.
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Disclaimer*
I had shared my perception on my technical awareness and I post it for educational purpose only before investing or trading on my analysis reports please do your own research & trade with Risk management strategy.