Logic well explained in the diagram ~This analysis is only for educational purpose~ please do like,share and comment if you have any suggestion/query regarding this analysis thanks
YESBANK is currently trading in channel and recently made a higher low, so we will try to trade for the higher high by initiating a long trade above @ 14.15 with StopLoss below @ 12.85.
Yes Bank CMP - 13.2 Stop - 10 on DCB Expectation - 1 - 20 2 - 85, Review at 20 Expected Holding Period - 120 trading days or earlier Ideas being shared only for educational purpose
Stock market is about to crash soon
stock market crashin
looks like a opportunity but YESBANK has been in a downtrend for about 3 years so it is difficult to say
YESBANK EQUITY levels ...23/04/2021 (W candle)
This Trend line is very crucial
It is a perfect pattern with the most PERFECT AND ACCURATE HARMONIC LEVELS. risk to reward is also extremely good with stop loss being only 14.25 on candle close basis. Now 1.618XA level is seen at 18.70 + 1.618AB=CD is seen at 18.95 + 2.0BC=CD is seen at 19.30 So our potential reversal zone is in range 18.70-19.35 From 14.70 to 19.35 we can capture 4.65...
Is there any hope for this bank. I think yes .
The gap at the start today has made the bigger C wave down a little difficult to count. But I am pretty confident about it. The horizontal support lines are possible levels for a good reaction. Not an advice thought.
Simple Price Action With a bullish divergence in both the RSI and MFI, I expect the stock to touch 17 sooner than later.
Taking support from previous accumulation, this time should continue till target.
the main draw back with this stock is that it is below 200 EMA. that is not suitable for long term bait but for this stock we have special strategy and what is the strategy that first we enter for short and mid term when the stock cross the 200 EMA. we will continue be in trade for long term but if it is rejected from 200 EMA we will close the trade
In consolidation for some time, now can move up to 25 if cross the given level.
YESBANK takes U-Turn from the demand zone. expecting 20/24 on the upside.
YES BANK HAS FORMED TRIANGLE PATTERN. WE NEED TO WAIT FOR BRAKOUT. UPPER SIDE BREAKOUT EXPECTED BECAUSE MARKET AT SUPPORT ZONE. ONCE BREAKOUT HAPPEN WE CAN EXPECT GOOD MOVEMENT IN YES BANK. CHEERS!!!