Above link and chart is correct. Therefore you were unable to see my post.
Everything is in plotted in the chart but, where should be our entry will decide by lower timeFrame chart.
WAIT and LET ME UPDATE very soon...
The bank has been in a down trend for sometime now and looks like more is yet to come. Looking at the weekly chart, the bank is sitting on a very crucial level of 116.20 (which is on the trend line ), down below the 120.50 major support. There are chances for the prices to climb for a short moment, owing to the positive divergence between the price and the RSI...
30 minutes chart is showing CCI reversal above -100 and sustaining it. Risk lovers can attempt to buy at cmp 116.5 SL 112. Parallel channel could be formed if counter take support at previous low of 112. However, it will be only very short term buy
We will still wait to buy Yes bank as counter is still away from long term trend line. 80-86 zone is the zone to watch out. 100 would provide psychological support. CCI hasn't given buy on Daily chart, if it is cyclical in nature.
Bearish Flag pattern observed in YES BANK. Pattern looks to have confirmed suggesting a bearish outlook. Target depth of flag is around 40 points considering the price 172 on 10th May. If beginning of the fall @ 201.65 is considered, depth of flag will be around 70 points. With confirmation of pattern occurring at 147.7, Target of the pattern comes in at 108...
Gave idea of YESBANK long few days back but it failed to hold a strong support level and has now retraced back and has formed an engulfing pattern .
Can go short below 146 with a stop loss of 159 for targets to next weekly support level of 135 and then 120 .