Yesbank
Trade idea #yesbank short#yesbank description on chart. Probably watch for a day more or the first few hours before the entry in trade
SWING TRADE IN YESBANK DEC FUTSWING TRADE IN YESBANK
A BREAK OF DOWNWARD TRENDLINE WILL ALLOW
YESBANK TO ACHIEVE HIGHER LEVELS
WE CAN USE THE RISING TRENDLINE AS SUPPORT OR EXIT
DEC FUT
BUY@188
STOP@182
TARGET@194-204
LOT:1750
QTY:1
Yes Bank: VSA and other FactorsNotes on the chart.
Do hit like for better posts in future.
Regards
Bravetotrade
YESBANK - SELL AT 182 WITH A SL OF 194 AND A TARGET OF 80YESBANK - SELL AT 182 WITH A SL OF 194 AND A TARGET OF 80. THE TARGET SHOULD BE REACHED BY END-JAN 2019. THIS IS FORMING A TRIANGLE WITH LEG E IN PROGRESS.
YES BANK STRATEGY for December seriesYES BANK
CMP 173
The stock may face resistance around 200 odd levels and could find some support around 160 levels.
Given the setup one may consider the following strategy
Sell
YES BANK 190 CALL OPTION - cmp 8.5
&
YES BAK 150 PUT OPTION -cmp 9
The strategy provides a max profit potential of Rs 30625 on margin requirement of Rs 173000 (depending on your broker) Giving a yield potential of 17.7% till 27 December 2018 expiry
Max profit if stock closes anywhere in between 150 and 190 on 27 Dec 2018
Loss only if stock closes above 207.5 or goes below 132.5 on expiry day.
Take care and safe trading...!!!
Yes bank analysis- support Barrier bands.Weekly chart - 5 years. Stock dipped but came up and closed on first Barrier band support of 154-161. If breached, it will head towards second support which is at Barrier band 125-133.
Shark Pattern in Yes Bank ?is Bearish shark pattern is under formation in Yes bank ? Leg XA & AB have been formed & Leg BC is under formation or formed . for valid shark pattern BC leg should be 1.13 to 1.61 of leg XA. Presently price has reversed from 1.13 extension ( i.e. Rs.180.2) . Shark pattern would be still valid if prices goes down up to 1.61 extension of XA ( i.e. Rs. 170.4). if prices goes below the 170, it will invalidate the pattern.
Moreover Point X, A , B & C are at the confluence of trend line. Formation of leg CD has already started or will start (if prices goes down to 170.4 & reverse thereafter).If valid Shark pattern is under formation, then prices can move up to 201 to 208 i.e. Point D.
Please comment
Declaimer : This analysis is for education purpose only. Consult your financial adviser, If you want to trade for CD leg or DE leg.
YESBANK weekly chart study - Broadening right angles triangleYESBANK weekly chart study - Broadening right angles triangle with sliding parallels.
SWING TRADE IN YESBANK DEC FUTSWING TRADE IN YESBANK
DEC FUT
BUY@188
STOP@175
TARGET@205-220
LOT:1750
QTY:2
Yes Bank view: Bearish to sideways...!!!Yes Bank
CMP 193.
Observations
- the stock has fallen more than 50% from the highs of 400 levels seen in Aug 2018
- in its attempts to pullback the stock is making lower tops on daily charts
Strategy
One may consider selling Yes Bank 200 Call option
Lot size 1750
CMP 6.6
At best, The strategy provides max 13.2% profit potential on margin amount of approx RS 87500.
Loss Risk is covered for a rise in stock up to 206.60.
Time period: 29 Nov 2018
Take care and safe trading...!!!
YesbankHourly chart shows Yesbank at the break out point. If the stock moves above 227 & sustains there, it can move towards 245-248. So long positions can be initiated above 227 for targets of 245-248 with a stop below 222.
