POSITIONAL TRADE IN YESBANK APR FUT BUY@266 STOP@260 TARGET@280-85 LOT:1750 QTY:2
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YESBANK has been my favorite to trade for last 6 months since the fall from highs . Have been trading it in and out for many days . It is now moving in a parallel channel and resting on a support zone. Can go short at CMP or break of level . Good candidate for short as long as it doesnt go over 238 levels .
Appointment 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 | 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
Charts 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 +
I would greatly appreciate , if you give me LIKE . Follow NEVADA TRADING Idea is for positional trading not Intraday trading.
BUY 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*
Weekly 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.
We 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.
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.