YesBank can be long from current levels. Stop loss could be below 181 for short term and keep adding on any dip for long term.
Overall in a downward moving channel, so more downfall expected in Short Term/ST before things settle down. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
5 DAY TRADE IN YESBANK MARKET WORKS IN GODLY MANNER NO ONE CAN IMAGINE THE DOWNFALL FOR WHAT REASON AND WHERE THIS PANICK SELLING CAME FROM I AM A PROFESSIONAL TRADER TRADING IS MY BREAD AND BUTTER THIS CALL IS NOT FOR LIGHT HEARTED ONES PLS NOTE THE TRADE IS LOOKING FOR IMMENSE SHORTCOVERING IN THE EXIPRY WEEK SO WATCH OUT BE CAREFUL I AM LIKELY TO SURVIVE...
YES Bank has seen a dramatic downfall. RBI has trim "Rana Kapoor" term, investors has shown their worry and that created a panic. Currently, YES BANK is available at its long term support and it can be a good buy from here. It is also at oversold level as per RSI. Below are the stats for your consideration: Buy Side Stats: CMP: 226.50 Make a long position...
As per the technical support line. Weekly (sine May 2017).
YesBank - Cypher Pattern (17th Sep 2018) #HarmonicsPattern
YESBANK make Doji on Daily chart keep watch take profit
YESBANK Make doji On daily chart make short impulse keep watch and trade safe
Details mentioned on the chart
YesBank strong support at 327 on daily charts. Can initiate buy with stoploss of 5% towards targets of 360.
Long trade will be opened above 345 for 355-362 zone target. A tighter stop could be below 336 but the pattern stop is below 325. If stock falls instead of opening long trade above 345, sub-patterns can be seen on lower TF for better entries. There is one more reason besides cypher that I am looking for pullback? The hint is in the chart. Trade only if you can...
YESBANK break previous support Sell now TP mention on the chart...