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YES BANK - WANNA TAKE A RISK??YES BANK IS AT 70 LEVEL AGAIN.
IT IS FORMING A "W" SHAPE WITH 70 - 80 - 90 PRICE LEVELS.
LET IT TRADE ABOVE 82.4, FOR TARGET OF 91.
(OR) AGGRESSIVE PEOPLE MAY BUY INTO WITH A STOP LOSS AT 68 LEVEL. AS THE BREAK DOWN WOULD LEAD TO 58 LEVEL (AS MENTIONED IN ONE OF MY PREVIOUS POST).
Yes Bank Long Term ViewYes bank Is a buying Opportunity for Long term, Wait for the break out Since it shows some sign of Positive divergence. Once the trendline breaks for both rsi and price, we will go for buy. In simpler terms should close above 98.
Kindly refer the support and resistance line.
Disclaimer: For educational purpose only not recommending for trading. Analyze your self and trade accordingly.
Thank you
YES BANK - WHICH WAY YES????YES BANK HAS A DOJI FORMED EVERY DAY.
TWO SCENARIOS EMERGE FROM THE PATTERN THAT IS OBSERVED IN DAY CHART:
1. AN INVERTED H&S SHOULDER WITH A NECK LINE AT 103. 96 WILL FORM AS THE RESISTANCE ON ITS WAY.
2. IF THE PRICE DROPS BELOW 83, THEN EXPECT THE STOCK GOING DOWN TO 60 LVL (AS MENTIONED IN ONE THE POSTS).
ANY WAY, WAIT FOR CLEAR SIGNALS.
YES BANK - FOR BRAVE HEART TRADERSYES BANK IS MOVING IN AN UPWARD CHANNEL.
IF IT IS ABLE TO BREAK AWAY AT 99, THEN 109 IS THE NEXT TARGET.
BUT, THERE IS NO BUY SIGNAL.
A LOT OF DOJIS FOR EVERY DAY CAN BE SEEN. THIS INDICATES INDECISIVENESS.
ONE CAN GO LONG FOR 109, WHO IS BRAVE AT HEART! WITH PROPER STOP LOSS.