yes bank short, tangent point yes bank at tangent point of two trend line
short this 1160 , target 1106
expected sharp fall
Yesbank
Yes Bank approaching bearish channel supportYes Bank has been trading in down trend in a channel, it has touched the channel resistance and approaching the channel support or crucial 50% fibo level around 1037 in near term, traders may enter short in yes bank with target of 1037. it may retest the resistance once again if market go green then short there.
Descending Triangle on Yes Bank - SHORTDescending Triangle formation.
Trade:
Short below - 1178
Target - 1163
Stop Loss - 1189
Reward Points - 15
Risk Points - 11
Yesbank losing strengthIt is been observed on the hourly chart that the price action fails to close above crucial resistance levels of 1220 and now it shall further dip down to cover previous gap of 1188.
Target: 1190
Stoploss: 1220
Yes Bank Ltd "short" :-Bearish candlestick
:-Resistance
:-Falling Wedge
:-Overbought stoch and crossover
:-Good R.T.R
Ascending Triangle on Yes bank - LongAscending Triangle formation on Yes Bank in hr chart.
Trade:
Buy above - 1186
Target 1 - 1199
Target 2 - 1209
Stop Loss - 1173
Reward Points - 23
Risk Points - 13
"Happy Trading"
Yes Bank - Dipping Down It is been observed on daily chart that the price action making Lower Lows and Lower Highs and reaching out to support levels at around 1075-1050 levels.
Target 1: 1075
Target 2: 1050
SL: 1195
Yes Bank on the edge can go either wayYes Bank has been trading in bearish channel, since it broke up trend with steep downside, it has formed a bearish flag pattern and the pattern has broken. it seems to be heading towards measured flag distance somewhere between 965-963 in near term, it is also on the edge, and may form breakout if market go green otherwise it will continue to its target, traders may enter short on retest of of resistance around 1198 and short with small stop loss with a target of 965 in near term.
Yes Bank Breakout Bearish Flag PatternYes Bank after a long up trend journey completing almost double the price in 9 months, broke at 1313.00 and breaching this level it traded side way to form bearish flag pattern. pattern confirmed after breakout. there may be a projected target of 1050.70 in near term.
Day Trade Buy YesbankOne can try a long at current level of YesBank of buyers emerge now. It may work otherwise small stop loss so worth taking risk.
Yes Bank: Price Looking ShakyHave a look at the price action and reluctant move up off the recent lows. Doesn't look like buyers are interested in this stock. Caution is the buzzword until the price clears the recent high of 1,450
Yes Bank on tip of the triangle in.tradingview.com
Yes bank on tip of the triangle. Stoch and AO indicating on downside. MACD is not yet bearish cross over but it is still staying below 0 so consider as downtrend. Only the price action may decide the direction on Monday 17/10/2016.
Yes Bank Channel Breakout It is been observed that the price action is been trending up in an upward channel. Today, the price actions opens gap down breaking the channel, indicating high selling pressure. Currently the price action retracing to fill gap where there will be a good opportunity to sell it again.
Target:1185
Stoploss: 1300
Risk Reward: 1:3
YesBank : Shorterm Entry analysisAs markets aren't any good, we can't go in with exact directional trades except few scrips. YesBank had completely racy move and never looked back, so the market price action hasn't provided any proper support resistance zone. But still you can trade as mentioned above but quite risky. The Double Bottom mentioned above I wont prefer bcos support is very near in YesBank, so if it comes into support zone and reverses then it will be ideal to Buy YesBank !
