YESBANK trade ideas
YES BANK - WHICH WAY YES????YES BANK HAS A DOJI FORMED EVERY DAY.
TWO SCENARIOS EMERGE FROM THE PATTERN THAT IS OBSERVED IN DAY CHART:
1. AN INVERTED H&S SHOULDER WITH A NECK LINE AT 103. 96 WILL FORM AS THE RESISTANCE ON ITS WAY.
2. IF THE PRICE DROPS BELOW 83, THEN EXPECT THE STOCK GOING DOWN TO 60 LVL (AS MENTIONED IN ONE THE POSTS).
ANY WAY, WAIT FOR CLEAR SIGNALS.
If you understand it You are the Winner Now one of the Most Important factor everyone wants to know how to identify the turn around
and simple answer is comparison between two impulse movement with Momentum indicator deviation
Here you can visually look the 1st impulse down leg end at 31 aug 2018 and second i am forecasting as today 13 June 2019 ( it can change also as this is an Example)
in both impulse down ward move the Momentum indicator which basically shows the strength of Movement have divergence
Divergence is nothing but derivative information of price movement on varied periods the occurrence of divergence is one of the sign we must consider before taking an decision of scrip next move but not the final decision based only on divergence , because these divergence and Convergence can occur over a period of time before the actual turn around takes place ,
The second thing you really want to see what is the shape of the pattern , the shape usually represents the how the price have moved so far
You have to understand these pattern repeat them self ,( One of the theory in Stock market ) so when you identify these pattern you can identify how they will behave in next move due to their consistent behavior of repeating them self you can make note form your previous experience how the individual patterns behave when they complete or end at the time of termination ( Turn around ) and you can look for candle stick pattern for entry and make sure your exit is based on the same method what made you to enter
Most people get caught because there is support or resistance , in reality its not what Majority traders fail to understand is Major order flow direction , which way the price is moving and how its moving
Third and Last : You must protect your investments weather its in cash or Futures , You must protect it by placing stops or having an understanding how to protect in cast you are wrong
I would suggest one thing here , When you buy or sell the very purpose of the buy or sell is based on the candlestick pattern you are entering , if that is violated you should be looking for exit , because your purpose is violated and the trade can no longer be possible when you have method of entry and exit ( Usually tested by yourself )
Regarding scrip this one is likely to make turn around near 86 , it can come down also there is not issues for it but this price range is apparently very interesting price for buying this scrip , so make sure you invest in cash and hold it for an year which will likely to double your investment
Good luck
YES BANK - FOR BRAVE HEART TRADERSYES BANK IS MOVING IN AN UPWARD CHANNEL.
IF IT IS ABLE TO BREAK AWAY AT 99, THEN 109 IS THE NEXT TARGET.
BUT, THERE IS NO BUY SIGNAL.
A LOT OF DOJIS FOR EVERY DAY CAN BE SEEN. THIS INDICATES INDECISIVENESS.
ONE CAN GO LONG FOR 109, WHO IS BRAVE AT HEART! WITH PROPER STOP LOSS.
YES BANK IS NEUTRAL FOR SOME TIME THEN GO BULLISHALREADY IT IS R1 LINE SO IT WILL BE IN SIDEWAYS FOR SOME TIME.AFTER DAT IF IT BREAKS R1 STRONGLY IT MAY GO UPTO 117 WHICH S R2.
Yes Bank (CASH)It seems that YES BANK can show a good Upside after a sustainable level of 76-74.
If it break these levels then EXIT at any cost.
Long They say that Logic has always given a sense of life , many most often fail to understand logical meanings and enter in an unidentifiable conflict and lose their valuable
things
In this also logic has worked the hypothetical theory of Wave analysis which we all know as Elliott wave theory
The scrip made and Extensive move during its 3rd wave and made a very shallow pull back in wave 4 , and ended with equal highs during 5th wave
Price broke in 3 wave structured , and now its in dribbling mode ,
It has completed the required move down so investors can look for investing and holding this for positional basis
Current Market price is 83 I am looking one drop or strong move form this current price
which will happen I have no idea but I am looking to add in drop up to 64 and look to book profits based on long term view
[Intraday] - YESBANK, ORB trade ideaYESBANK opened Gap down. Wait for 15 min candle to break the high or low of 1st 15 min candle. Long if high is broken and short if low is broken
Yesbank Short - Swing trade (timeframe day)Yesbank is in a downtrend, and due to results, it has opened gap down. If its break the previous lower low then it's a short trade.
Intraday Trade Setup for 17th JulyBuy Yes Bank @ 93.70
Stop Loss @ 92
Target @ 97.15
For Daily Tardes CAll/WhatsApp @ 9985249018
YES RESULTS TOMORROEYes bank has been in bear stage
with good results it is going to fill up the gap.
how ever with slightest deviation bears will enjoy no doubt.
Expected levels in the chart.
Yes bank price likely go to 108-111 in the beginning
