NSE:YESBANKThe stock is trading in a range which is near a decade's low. Once the bank manages to get a support of good financier, it is not going to stop. Being one of the largest private sector lander, the bank is not going to ashes. So, need to worry is little. It is BUY and ACCUMULATE candidate between 30-35 range for outlook of long term investing.
YesBank is gonna go up with Niftybank.
With the news of JC Flowers and the volume of buyers with respect to sellers, it atleast gonna go up with 1.5-1.8.
I'am a new trader, hungrily learner. Hoping to raise my Rs. 500 capital i just made Rs 4 on YesBank today. and also lost Rs. 5 at the end of the day.
I have made some amatuer technical analysis using my...
1. Looking over Line Chart to find out the patterns.
2. Inverse H&S Pattern Spotted.
3. Break of neckline and it will go 20-30%.
4. Trade the plan long on breakout... Stop Loss Below the Neck Line.
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AS I HAVE MENTIONED WITH CALL OUT THERE IS A GAP AND IT HAS TO BE FILLED TARGET FOR INVESTORS IS MARKED WITH ARROW BUT HOW LONG WILL IT TAKE TO FILL THE GAP NOBODY KNOWS GOOD ENTRY POINT IS 40 RUPEES APPROX BUT REMEMBER IF BAD NEWS COMES NOTHING WILL WORK
NOTE: TRADE AT YOUR OWN RISK PROFIT IS YOURS LOSS IS ALSO YOURS
AS WE CAN SEE IT HAS BROKEN MIDDLE TREND LINE, CANDLE SIZE IS ALSO GOOD IN RED COLOR CURRENT MOVING AVERAGE MAY WORK AS SUPPORT LET IT BREAK ON CLOSING BASIS TARGET FOR SHORTS ARE 53.10 THEN 57.9 THEN FINAL TARGET IS GIVEN WITH ARROW WHICH IS LAST TREND LINE
STOP LOSS WILL BE 71.25 GOOD LUCK
NOTE: TRADE AT YOU OWN RISK
Yes Bank is near to its resistance level....if it breaks with high volume then a great upward movement may possible...and also if it breaks its support level with high volume then downward movement may possible...
CAUTION:- Educational purpose only...
Yes Bank the real wealth Destroyer which comes into effect after the corporate governance and NPA issues.
With its mediocre June Quarter Performance stock is all set to make a low.
On Friday, Yes Bank enters below the Half-century zone. The Diamond has started losing its fade. Here's what the technicals has to say..
At the current levels of 48-49. Yes Bank has...