Yes Bank stock presents a compelling opportunity for a swing trade, supported by strong technical indicators:
Reasons are listed below :
Multiple tests at the 21 levels culminated in a decisive breakout.
A significant marubozu candle on the weekly timeframe signals bullish momentum.
The breakout was accompanied by a notable increase in trading volumes.
...
YES BANK can give a good positional trade for long term as it was gaining good volumes at its best support. one can go long WITH A SMALL STOPLOSS for bigger targets
ENTRY - 23.75
STOPLOSS - 22
TARGETS- 30, 35,50++
NOTE- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi...
The Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure.
The Elliott Wave analysis indicates that the stock has completed waves (1),(2), (3), and (4), which are shown as blue numbers on the daily chart. Wave (5) appears to be underway at this time and might reach a maximum...
There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS}
YES BANK LIMITED
Target: RS 28.50
CMP: RS 27.15
ENTRY RANGE: 26.85-27.50
STOP LOSS: RS 25
Disclaimer: I am not Sebi Registered.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
YesBank is back from the dead and gave a weekly breakout. Add some qty once it retraces the support area.
NOTE: I'm not a SEBI REG. Study before investing.
Reason for long
a) Channel breakout
b) volume and price burst
c) weekly breakout
d) purely technical
e) trendline breakout
g) QQE not supporting and hence sl compulsory
Yes bank has hit the high at 26.25 recently. Growth will happen above 26.05. Major support at 22.15 and below it is 19.55. Trend will change below 19.55.
Short term traders can use 24.10 as a buy with 23.70 as stop loss with targets of 24.90 , 25.30 and 25.70.
Happy Trading !!!
N.B. Not a Trading Advice. Use your discretion and risk Reward Profile for trading....
YES BANK might give a good positional opportunity..
entry above 25 or 25.5
with a Stop loss at 22-22.5
for TARGETS like 28,32, 45, 80++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
