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Yesbank

Yes Bank to make new all time lows.Yes Bank is very likely heading towards making a new all time low if the minor support of 45 is broken. We are seeing the same pattern in price action as we saw in August-September. It has not given a closing above the upper trend line since the start of this channel. We can only expect to see an upwards move if we see a closing above 57 on daily chart with heavy volumes and delivery. If you are long in Yes Bank then it's best to exit right away or when the red support line gets broken. Risky traders can place shorts at CMP with SL being a notch above upper trend line (closing basis). Safe traders can wait for the 45 support to get broken and enter shorts accordingly. I will update the post as we see changes in price action when market opens on Tuesday.
NSE:YESBANKShort
by anmolteja
1
YESBANK, Advanced Trading Analysis, Buy Above 49 Target 53,57HOPING TO HELP , Hi I am Ankit, I am a lifetime student of Finance , I have done algorithmic trading certifications from University of Oxford , and am pursuing MS in Quantitative Finance, from University of London . Being an Indian , I am researching, leaning, analysing and trading over: NSE Equity Cash Market NCDEX Agri Commodity Market USDINR Currency Market Gold-INR Bullion Market I always try to explain my trade findings graphically, mathematically, quantitatively and personally if required! If you want to learn with me or ask some of your queries, I am always hoping to help you, I can help you with : Understanding Trade Setups The right Way Positioning your Trades and Risking your capital Expectations Vs Risks and how they perform together Learning the path for profits, Intensive self study, with proper guidance and materials Understanding of Coding ability required for algorithmic trading (for people who have good cognitive skills and want to level up with technology) Please Register here for my connection! Click here to Register | Fill this form (5 sec)
NSE:YESBANKLong
by Ankit_1618
2