MY personal view on BANK NIFTY will keep on updating as the month will not be easy , and there are great chances of making people surprise .!!
Yesbank
Yesbank ( NSE:YESBANK ) Longterm TrendlineYesbank is good for long term as per the trendline we can see.
Yesbank ( NSE:YESBANK ) Descending triangleYesbank is forming Descending triangle.
Breakout may happen either upside or downside.
should i say YES or a big NO lets observe tomorrow!!!!!!!!!!!!positive as long as it is above 349
will sell if breaches 341
Yes Bank - Rounding bottom completeYes bank completed rounding bottom on daily charts and entering consolidation period.
Last high was 1862.
It tried to cross 1862 in last 4 sessions consecutively but failed every time.
Lets make this consolidation fruitful.
Trade Setup
- Short Yesbank 1860 CE @ 31.50
- Short Yesbank 1800 PE @ 20
- Long Yesbank 1900 CE @ 17.5
Now Lets discuss consequences
Scenario 1 (Upmove) - If it decides to rise again your dont need to worry till it closes below 1895 which is ur break even point.if it rises more, U will lose a few pennies.
Scenario 2 (Consolidation) - If it closes between 1795-1865, You make a sweet 10K. Break even comes at 1895 on upside and 1767 at downside.
Scenario 3 (downmove) - If it decides to retraces again, u will be a happy man if it doesnt close below 1795. Going further, U wont loose a penny till it stays above 1767.If it falls more, u may be in trouble.
Yesbank target 2000As per this wave count, Yesbank may touch 2000 once it crosses 1800 (Where it should be trading for bullish perspective). Stop loss below "C" level. (1690)
YESNABK BuyLooks like the consolidation at the 38.2 retracement level is about complete and the scrip is ready to take a shot at the previous high.
1850 should be a good short term target
YesBank: The Bull FlagSetup--- Flag Pattern
Entry--- Two Zones of interest
1) 1790-1800; or
2) 1810-1820
as per setup shown in the chart.
Targets-- 1840; 1850; 1860
Stop---- As per risk appetite
Hit like if this information is useful.
Trade safe
Regards
Bravetotrade
YESBANK LongVery nice breakout on YESBANK.
It has been a beautiful uptrend and has completed consolidation.
This should be a start of next leg up.
YesBank: A Short Term TradeMy previous post on the stock has a bullish bias which is still intact see >>
But a short term trade may also be a good idea for hedging or having some added advantage.
The Key Level for this post will be 1583-1585. If the stock has to reverse down, this would be the place. But if this level is breached by the bulls then we can see a rapid up move.
The mid targets and final targets (both upside and downside) for the trade are shown on the chart. Manage you trades well.
Hit like if you think this information can be useful.
Trade safe, stay healthy.
Best Regards
Bravetotrade
Symmetric Triangle on YesbankSymmetric Triangle pattern on Yesbank and it may break either side.
Trade Long:
Buy above - 1570
Target - 1590
Stop loss - 1560
Trade Short:
Short below - 1548
Target - 1527
Stop loss - 1560
Yes Bank: A Bearish Crab or What?Please follow your best trading plan to trade this idea.
Hit like for better publications in future. Comments are welcomed.
Trade safe.
Best Regards
Bravetotrade
YES BANK "Bearish Harmonic"Price has lead to the formation of bearish harmonic pattern.
SL-Close beyond X
YesBank: Trade Against the TrendYes Bank should be on radar at this stage. Stock is in a short term uptrend. It is not yet confirmed if a new wave has started from 1401 or not. But what can be observed is that the price has been gyrating in a channel and is approaching the supply zone. One can look for a bearish setup in this zone and go short.
Hit like if this analysis is informative. Comments are welcomed.
Trade safe.
Best Regards
Bravetotrade
Trendline breakout on YesbankTrendline broken and its indicating the price to move upside.
Trade:
Buy above - 1467
Target 1 - 1492
Target 2 - 1520
Stop Loss - 1437
Trailing Stop Loss - Keep change the stop loss on every target.
Intraday opportunity in Yes Bank for 30 June 2017Look for the levels as highlighted in the chart and either Buy with 5rs SL
Catch the Breakout!Yesbank Got Broked through the range, and it will look to test the Resistance above, and this is the region Friends, where we should take a short Confidently. NSE:BANKNIFTY Has already Broked the Channel and this may lead to other banking stocks to follow the spree.
Check out How BankNifty broked out of the channel for Better Understanding down below in Related Ideas of this Post!
YesBank - Bearish Flag Pattern in ProgressIt is been observed on the Daily Chart that the price action is forming a bearish flag pattern, which indicates the continuation of the trend. In this situation, the price action is trending down prior forming flag pattern and now once it formed and breaks below it, indicating further weakness ahead.
Target 1: 1400
Target 2: 1375
Stoploss: 1470
YesBank : Just say Yes to My Plan...The Problem we have here is, we are in middle of C to D move & if you notice we have predicted two ways for YesBank to move up.
i) The first straight line (orange) - if that happens, I don't have any reason or setup to take trade. I will be just watching till it reaches 1570's zone - No Trades at all
ii) The pullback scene - Here Only on Bullish reversal , I will be taking the trade
Consider if first scene happens, people who are bit emotional chase that & feel like , I will get atleast next 40 points , even if there is no trade setup But professional traders will never do that mistake. We take only when the trade happens as per our plan. Hope you got the point :)
Yes Bank: Bears seems to be taking overThe price action seems to be following a channel. Today stock touched the upper trendline of the rising channel and faced stiff resistance. It found support @ 1498 level. A decisive break below 1498 may take the stock to 1485. Below 1485 it may go as far as 1460-1470 support zone where some consolidation action can be seen.
