Yesbank
Yes bank Yes bank is making lower highs and higher lows any retracement or pullback should be used to short the points A,B,C ,F H,J K,M,N REPRESENT HIGHS AND THE POINTS D,E,G,I,L REPRESENT THE LOWS THE TREND TILL THE POINT G WAS BEARISH AND IT TURNED BULLISH AFTER THE POINT J WAS BROKEN ANT THE POINT L PROVIDED GREAT SUPPORT,NOW YES BANK HAS FAILED TO BREAK IT'S RECENT HIGH N AND IT HAS MADE A LOWER LOW NEAR M SO THIS MEANS YESBANK COULD TURN BEARISH AND EVERY RETRACEMNT OR PULLBACK SHOULD BE A SELL
POSITIONAL TRADE IN YESBANKAS PER THE PREVIOUS TRADE CALL ON YESBANK HAS BROKEN
OUT OF THE DOUBLE BOTTOM FORMATION
AND HAS MANAGED TO GIVE A PERFECT PULLBACK
SIGNS ARE GOOD TO GO LONG SO WE ARE ENTERING INTO
A POSITIONAL TRADE FOR THE COMING TW0 WEEKS
FUTURES TRADE
AUGUST FUTURES
BUY@387
STOP@382.5
TARGET@397
LOT:1750
QTY:2
YESBANK DOUBLE BOTTOM FORMATION BREAKOUT ON THE VERGEYESBANK ON THE VERGE OF BREAKING OUT OF DOUBLE BOTTOM PATTERN IN AN HOURLY CHART.
LET US CALCULATE THE RANGE OF THE PATTERN AND GO
LONG AFTER A BREAK-OUT
BREAK-OUT IS EXPECTED TILL 10:30
SAME PATTERN IS VISIBLE IN 30-MIN CHART
WILL SHOW BREAK-OUT EARLY
WAIT FOR THE CONFIRMATION!!