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.
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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.
Yes Bank | Breaks down after consolidationYes Bank breaks down after a brief consolidation. Bear trend still holds strong. 108 was a Bear Flag target in 4Hr chart (attached below for reference). Another possible Bear flag depth (also shown in the chart attached below) then indicated a target of 80. Considering the fresh break downwards the stock is expected to fall to 100 which is very critical. Below which 80 is the price Yes bank could fall to as suggested by Bear Flag formed earlier.
Yes Bank has Rounding bottom break outYes Bank was in bearish phase from past few months but is recovering from bearish phase and entering in bullish phase and shown the rounding bottom breakout @269
Now we can buy it for long term target that is at 402 within 6 months that will be near to 50% returns from hear. Place Stop loss at 246.