Yesbank
YESBANK is reviving itselfAppointment of new CEO breathed fresh air in to the company. But, the latest news of RBI threatening action against Yes Bank leaves the lit candle in gusts of wind. The hope is bleak but I presume that Yes Bank will come out of this chaos one more time. So, taking a LONG position for 250+ by this month end. Fill that gap.
YES BANK NSE : YESBANK : Monthly Analysis : Long | Short | LevelYES BANK NSE : YESBANK : Monthly Analysis : Long | Short | Level
Important levels for Yes bank
Upper side :
230 , 270 , 295 , 305 , 330 , 380 , new 52 week high
Lower side :
215 , 180 , 155 , new 52 week low
NSE: Yes Bank Possible Short below 233Charts still not very positive until it crosses 233 level.
Possible short @ current level with stop loss slightly above 233 for a target of 180 level.
Use stop loss
Close above 233 on daily basis will open a Long position for a target above 245 +
YES BANK , Swing & Intra day trade idea 20 feb 2019I would greatly appreciate , if you give me LIKE .
Follow NEVADA TRADING
Idea is for positional trading not Intraday trading.
yes bank shortit has to come downside for sure, you can't say 100% but if you wnat to take risk, this is cprrect time
Long Above 224 YesbankBUY
YES BANK ABOVE 224
Target - 225 -226 -227
Note - all levels are for educational purpose please analyse before taking position
*WE ARE NOT RESPONSIBLE FOR ANY LOSS & PROFIT*
yes bank - recovery may take longWeekly chart - 5 years. Stock unlikely to break the band of 170-185. Now the next level to watch is 230-240 when the stock rises. It is difficult to cross once reached. If crosses the barrier band of 230-240, it will head towards 300 quickly. This may take 6 months to 1 year or more.
YES BANK a good sell on rise stockWe will look forward to an opportunity to go short once Yes Bank shows weakness at the sell zone marked.
PS: Wait for Yes Bank to reach the sell zone and we will go short only after it falls from the sell zone with SL above the swing high.
Only aggressive traders can go short as soon as Yes Bank moves into the sell zone.
Can Yes bank go past 250 ?As per my wave count - the correction in Yes bank is not yet over and can still go below 147 in the current year
Presently yes bank has gone upto 38 % of the downmove ?
200 ema is @ around 255
The question to be asked now is whether Yes bank the the strength to go above 250
There is some support @ 180 levels
The coming week is interesting ! Updates will follow
NSE: Yes Bank Out of Ascending triangle might move for 225+ .NSE: Yes Bank Out of Ascending triangle might move for 225+ .
Since Nov 29 till Jan 15, Stock was oscillating between 195 to 146
This has formed Ascending triangle like pattern
195 level was strong resistance that stock has crossed
Possible Long at current level with stop loss around 176 level and target of 225, 246 and above in sight
Time frame looks 4 to 5 weeks.
Yes Bank chart viewYES BANK
CMP 194.20
- The stock is trading between 20 day EMA and 50 day EMA just before result announcement
- in our previous post on Yes Bank when the stock was at similar levels we had suggested that below 190 the stock may fall up to 182 (low made was 181.50) and above 198 there is a strong possibility of stock rising up to 208 (high made thereafter 209.55)
Given the movement of yo-yo trade between 180-210 and current setup of trading between 20 day EMA and 50 day EMA there is a good possibility of Yes Bank continuing its consolidation and closing in the same range of 180-210 in Jan series
- One may consider the following strategy for YES BANK
Short strangle strategy
Sell Yes Bank Jan expiry 210 Call option around 4.5
&
Sell Yes Bank Jan expiry 180 Put option around 4.5
Lot size 1750
Total incoming 1750 *(4.5+4.5) = Rs 15750/-
Maximum profit if Yes Bank is closing anywhere between 180-210
Loss if stock is closing below 171 or above 219 on 31st January 2019
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YESBANK Enter fighting Zone...YESBANK Enter fighting Zone
Fighting Zone
Must watch that zone and also wait for retest
T
ake huge profit
and 4H chart break ascending triangle pattern
YES BANK trading in Make of Break zoneYES BANK
CMP 191.20
The zone of 191-198 is very crucial for Yes Bank.
Closing above 198 can open doors for target of 208 / 212 / 220
Inability to sustain above 190, then there is a minor support around 186-187 below which can lead to fall up to 182 / 178
Currently we have a neutral stance and will wait for the price action to give some further clues.
You can have a look at our previous coverage & strategy on the stock below for study and understanding purpose.
The short strangle strategy that was recommended in the above post worked to perfection with the stock going sideways for the whole month in the range suggested.
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Take care & trade accordingly...!!!
BTST IN YESBANK JAN (FUT)BTST IN YESBANK
JAN FUT
STOCK IS NEAR RESISTANCE LEVEL OF 194
WE ARE SEEING CONSTANT BUILT-UP IN OI
NOTE:-MIGHT BE ONLY TILL JAN 09
(YESBANK ANNOUNCEMENT)
BREAKING ABOVE 194 WILL GIVE US
A ASCENDING TRIANGLE BREAKOUT (BULLISH)
BUY@195 (IF CLOSES ABOVE 194)
STOP@190
TARGET@204
LOT:1750
QTY:1
