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Yesbank

YESBANK - TREND REVERSAL PATTERN FORMATION NSE:YESBANK =Rectangle formation after a bear trend indicating short term trend reversal. Yes bank has witnessed a very long bearish downtrend. Yes bank has taken a support of lifetime low and its is consolidating heavily around that zone for more than a year Have given a breakout from rectangle formation on daily timeframe with volume spike. This might give follow up move in some time Take small quantity above 15.25 for a swing trade and keep accumulating more on the breakout test zone. # Have discussed how to trade rectangle pattern refer it for more detail. Hope you found this helpful and I sincerely hope you find a ton of good rectangle formations to trade-in! Happy Trading!
NSE:YESBANKLong
by SANJAYPATIDAR_
YES Bank: Price Action Analysis & Trading TipsIs Yes Bank Making A New Low? The YES Bank stock has started falling for a long period. If it breaks the consolidation area, it will keep collapsing, and we may see 10 - 9.60 levels soon. It's under that range from the last 17 days. But according to price action analysis, it will try to jump up to make a new LH. It can be nearby the 12.15 - 13.5 range. Safe investors can start selling nearby dynamic LH with the stop loss above the hurdle line. Further information I will update you soon.
NSE:YESBANKShort
by forextidings
9
YESBANKAs you can see, there is a good Bolinger Band formation in YESBANK with good volume and, at the same time, it has broken the downtrend. I believe YESBANK will now move in a Bolinger Band, so continue to average near 20MA (i.e. the middle band of the Bolinger Band is 20MA). After breaking the trend, the chart has also retested the support. Please keep the lower band on a weekly timeframe as your stop-loss, and also keep trailing your SL. Disclaimer: I personally hold YESBANK. For education purposes only. Not a SEBI registered broker. Please ask your financial advisor before investing.
NSE:YESBANK
by im18ravi
6