We will look forward to an opportunity to go short once Yes Bank shows weakness at the sell zone marked.
PS: Wait for Yes Bank to reach the sell zone and we will go short only after it falls from the sell zone with SL above the swing high.
Only aggressive traders can go short as soon as Yes Bank moves into the sell zone.
VWAP stands for Volume Weighted Average Price. In simple terms it is the average price weighted by volume. Don't worry I ll explain.
Firstly the average of the high, low, and close: (H+L+C)/3, is calculated (technically known as the typical price). This typical price is multiplied by the candle's volume (depending on time frame used). The ...
NSE: Yes Bank Out of Ascending triangle might move for 225+ .
Since Nov 29 till Jan 15, Stock was oscillating between 195 to 146
This has formed Ascending triangle like pattern
195 level was strong resistance that stock has crossed
Possible Long at current level with stop loss around 176 level and target of 225, 246 and above in sight
Time frame looks 4 to 5 weeks.
What is Smart Money and what it does in Markets? The most asked but unanswered question.
In the chart, I have taken a scenario from October big down move and plotted how Money was withdrawn before the devastating move.
Yes - The people who knows when to enter and exit the market - Are SMART, isn't it
SMART people understand the VALUE and Fundamentals to find ...
Price is making HH, HL after a very good downtrend. We can see a clear uptrend structure from the bottom and also price broke the trendline with the momentum, Its a sign of uptrend continuation, Now we need a clear signal to enter in the trade.
BTST IN YESBANK
STOCK IS NEAR RESISTANCE LEVEL OF 194
WE ARE SEEING CONSTANT BUILT-UP IN OI
NOTE:-MIGHT BE ONLY TILL JAN 09
BREAKING ABOVE 194 WILL GIVE US
A ASCENDING TRIANGLE BREAKOUT (BULLISH)
BUY@195 (IF CLOSES ABOVE 194)
Waiting is very Important in Stock if you dont wait you will learn the lesson ,
Wait for it to brake the current consolidation structure and sell it once brakes and look to book by trailing stop or near the forecast , it might go up for a little move , dont buy it , its purely in very narrow range trade