#Yesbank Inverted flag NSE:YESBANK Inverted flag
53 53.75 will be very imp support
if break then we may see 45 38 level
Yesbank
YES BANK is long for Aggressive tradersYes Bank is showing some support 53-55 levels...going long with pullback around B1-B2 levels will be a good idea for T1-T2.....ALWAYS Respect Risk.......Happy Trading Stay blessed.....
Yes Bank || Intraday #YESBANKYes Bank is showing some support level, it going long with a pullback .....ALWAYS calculate Risk to Ratio , check resistance and support.......Happy Trading Stay blessed.....
3 Drives on Bottom : Good Risk to Reward The stock has formed 3 Drives on Bottom pattern and is in deep oversold zone. It has formed bullish engulfing showing a potential reversal therefore one can go long at this level with the recent low as Stop Loss. One can expect the 68 as target. It offers a healthy risk to reward ratio of 3. The defensive trader should wait and enter once it starts trading above the Engulfing Candle, which means risking more and RR ratio of 2 but better chances. So decide on your risk preference.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Will Yes Bank continue to slide? Open Short Target 60, 50
SL 81 (should close above).
Reason bad debt: other than DHFL, Yes Bank have huge exposure in CG Power. It also has loan exposure to HDIL.
If your idea matches mine open short, I will keep you posted as price moves.
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Yesbank support and resistance - strong support around 71.5Yesbank support and resistance - strong support around 71.5
