Look for the levels as highlighted in the chart and either Buy with 5rs SL
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...
It 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
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...
The 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.
The stock has formed a clear classical double top reversal pattern and traded below the neckline yesterday. It would offer a good short trade in coming days. It is one of the most simple pattern so need not much details. Have a good profit.
Yes banks NPA Issue limited to short period I think 1460 is nice Level with stop loss 1430 and target as 1844 midterm Thanks and Regards , Dipak Zed
It is been observed that some stocks mentioned below having great breakouts from pattern formation on daily chart indicating a high potential returns opportunity in the coming week. Buyers are in control and will take up prices quickly from here on. Bharti Airtel: Target-380, 400 SL- 350 BEL: Target -1700 SL 1500 Yes Bank: T1- 1550 SL- 1440 HERO: T1- 3450 SL-...
Evening star on Yes Bank and MACD on bearish crossover on above the '0' barrier. Trade: Short below - 1420 Target - 1395 Stop loss - 1440 Risk : Reward => 1 : 1 Reward Points - 25 Risk Points - 20
Price has spiked above the highs and immediately scales back into the range. Volumes higher at the spike too. Am inclined to believe that this could be a probably distribution !! Let's wait for more confirmation. A quick selling pressure or a series of red wide ranged bars will strengthen the case for distribution.
YES BANK show diversion on hourly chart Elliot oscillator is going down where price is going up it show some reversal on chart short @1393, sl: 1415, target 1330 enjoy
Bearish divergence + MACD Crossover Weak volume in trend. potential shorting candidate
Need to follow the channel to see, if that becomes a flag or a down trend....
yes bank at tangent point of two trend line short this 1160 , target 1106 expected sharp fall
Yes 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 formation. Trade: Short below - 1178 Target - 1163 Stop Loss - 1189 Reward Points - 15 Risk Points - 11