YESBANK trade ideas
YES BANK - PATIENCE WILL PAYPLACE BUY ORDERS IN THE RANGE 257 - 260.
TARGET IS HUGE TO 327 AND 360 LEVELS.
RESISTANCE AT 285.
STOP LOSS MAY BE AROUND 245,
YESBANK - Bearish Gartley 4H TFBearish Gartley Pattern is seen in the 4H chart of YESBANK. Intraday SELL is near 280 levels according to the pattern.
I just started learning Harmonics, so I'm not sure about the Target and SL yet. Want to get comfortable first, in drawing patterns according to the rules and see how it works.
Yesbank broke it's leaner support 235 and 220 easily possibleYesbank broke it's leaner support 235 and 220 easily possible
YES BANK 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.
Bullish Gartley Yes Bank Bullish Gartley Yes Bank
Prz - 260.50 - 262
Sl - 257.50
Target 1 - 264
Target 2 - 266
YESBANK Long SetupYESBANK has been moving with higher highs in trendline support. Currently resting at 50% levels from the previous move . One can go long once it closes above the bearish trendline a good RR trade . Consider invalid if breaks to the down side . Stop loss of 260 .
Bearish Gartley Yes BankBearish Gartley Yes Bank
Prz - 280 - 281
Sl - 283
Target 1 - 276
Target 2 - 274
Yes bank updateTill it holds above 258 it may touch 285/90, the current levels look attractive for the same.
Regards
Footprint of YESBANK with attraction by controllerYes, YesBank is trading @270 nearby that was made high 273.6 which stronger previous resistance.
I don't know buyers will lose control until targets 277.5. : This statement is true, then it will not break 268 also and will continue to move upward.
Don't ignore the R 274.1.
This footprint for a trader, who really like to trade on YESBANK.
Below chart has more deepest research about historical moved was made by its self.
NR7 + Inside bar at Bear Pennant resistance area YESBANK is currently at upper trendline resistance of bear pennant. bear pennant after a sharp downtrend usually results in continuation of the downtrend
Also a NR7 + Inside Bar candle formed on daily chart which on breakout on either side give sharp moves on that side most of the times. (Also beware that sometimes it can trap you)
In hourly chart the price has taken support of a short term trend line.
Strategy:
1) Short on proper break and retest of short term trend line support OR 2) Short on break of NR7 + Inside bar (and retest of previous level)
In case of (2) keep in mind there are multiple support levels immediately below breakout candle which can push the price back up. So it is better to wait for the price to pull back to previous level and observe price action on that level to initiate a short.
Also keep track of indexes. if they move sharp upside, setup can invalidate. Nothing is guaranteed in market
For stop loss use topmost blue line which is safe stop loss level to avoid traps
