Yes Bank || Intraday #YESBANKYes Bank is showing some support level, it going long with a pullback .....ALWAYS calculate Risk to Ratio , check resistance and support.......Happy Trading Stay blessed.....
YESBANK trade ideas
YES BANK - EARN CAREFULLY!!AS INDICATED IN MY POST (30 AUG), THE PRICE CAME DOWN TO 55 AND THEN STARTED MOVING UP.
IT HAD REACHED A HIGH OF 62 ALSO FROM THERE. APPRECIATION OF 10% WAS ACHIEVED.
AT PRESENT, IT HAS MULTIPLE BOTTOMS AT 55. ONCE IT CROSSES 67 LVL, THEN 73 IS SEEN FROM THE CHARTS.
ALSO, IF IT IS FORMING A ROUNDING BOTTOM, THEN 80 IS THE NEXT TARGET ON HIGHER SIDE.
EARN IN THIS COUNTER KEEPING THE STOP LOSS AT 54.
YES BANK BREAKOUT AND RETRENCHMENT AREA THROUGH TRENDLINES YES BANK BREAKOUT AND RETRENCHMENT AREA THROUGH TRENDLINES
YES BANK - 10% APPRECIATION SEEN!!AS POSTED YESTERDAY, YB HAD GIVEN REVERSAL AT THE BOTTOM LEVEL OF 55.
CHARTS INDICATE AT LEAST 10% APPRECIATION FROM HERE TO LEVELS OF 65 CAN BE EXPECTED.
TIME FRAME CAN BE TAKEN AS 10 DAYS.
STOP LOSS CAN BE TAKEN AS 54.
YES BANKYES BANK IS HAVING SUPPORT AT 55 LVLS.
DO NOT SHORT AT THESE LEVELS.
IT IS BETTER TO HOLD FOR A LONG TIME, AS THE CHARTS SUGGEST.
FROM MY PREVIOUS EXPERIENCE, IT APPEARS THAT THERE IS LOT OF STOCK BEING PURCHASED. AND, OF COURSE THERE WILL BE DISCOURAGING REPORTS FROM FI'S.
IF POSSIBLE, IT IS BETTER TO INVEST AND STAY TIGHT AS THIS IS ONE OF THE TOP 10 BANKS IN THE COUNTRY.
YES BANK - DO NOT ENTER NOWWEEKLY CHART CLEARLY INDICATE A PRICE LEVEL OF 54 IN THE COMING WEEKS (MAY BE 1-2 MONTHS TIME).
DO NOT ENTER LONG.
WHAT COULD BE IN STORE? WE DO NOT KNOW.
UNLESS THINGS ARE CLEARED IT IS BETTER TO BE AWAY.
YESBANK Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
3 Drives on Bottom : Good Risk to Reward The stock has formed 3 Drives on Bottom pattern and is in deep oversold zone. It has formed bullish engulfing showing a potential reversal therefore one can go long at this level with the recent low as Stop Loss. One can expect the 68 as target. It offers a healthy risk to reward ratio of 3. The defensive trader should wait and enter once it starts trading above the Engulfing Candle, which means risking more and RR ratio of 2 but better chances. So decide on your risk preference.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Yesbank- Parallel channel with support and resistance Yesbank- Parallel channel with support and resistance
Will Yes Bank continue to slide? Open Short Target 60, 50
SL 81 (should close above).
Reason bad debt: other than DHFL, Yes Bank have huge exposure in CG Power. It also has loan exposure to HDIL.
If your idea matches mine open short, I will keep you posted as price moves.
Please, take a second and support my effort by hitting the "LIKE" button, that’s the only fee from You!
TARGET REACHED OF MY EARLIER CALLPLEASE FIND MY CALL IN THE ATTACHED CHART.
PLEASE SEE MY CALL 18/08/2019.
HUGE PROFIT IN FEW DAYS.
yesbankyesbank in greater volatility so using options to gain some profit
+1x 26SEP2019 65CE - ₹ 8.75
(0)
+1x 26SEP2019 65PE - ₹ 8.45
(0)
+1x 26SEP2019 70PE - ₹ 11.25
(0)
+1x 26SEP2019 70CE - ₹ 6.9
(0)
+1x 26SEP2019 60CE - ₹ 11
(0)
+1x 26SEP2019 60PE - ₹ 6
(0)
Max. Profit
₹ Undefined
Max. Loss
₹ -93,170
Breakevens
47.6-82.4
Total PNL
₹ 0
Estimated Margin/Premium
₹ +115,170
STILL ANOTHER BREAKDOWN,ONLY FOR HIGH RISK TRADERSSHORT FOR LOWER TARGET LINE.
WITH TIGHT STOP LOSS.
ONLY FOR HIGH RISK TRADERS STOCK IS HIGHLY OVER SOLD
YES BANK, CAN IT BE DRIFTED TO ONE MORE LEVEL DOWN?NOT ADVISABLE FOR TRADING AS STOCK IS DOWN ALREADY.
WATCH TOMORROW.
PLEASE FIND ATTACHED CALL.
YES BANK - WANNA TAKE A RISK??YES BANK IS AT 70 LEVEL AGAIN.
IT IS FORMING A "W" SHAPE WITH 70 - 80 - 90 PRICE LEVELS.
LET IT TRADE ABOVE 82.4, FOR TARGET OF 91.
(OR) AGGRESSIVE PEOPLE MAY BUY INTO WITH A STOP LOSS AT 68 LEVEL. AS THE BREAK DOWN WOULD LEAD TO 58 LEVEL (AS MENTIONED IN ONE OF MY PREVIOUS POST).
