YESBANK trade ideas
Yesbank - Trendline Breakout It has been observed that the price action breaks out above the 6 months trendline and confirmed the breakout by re-testing of trendline by forming a bullish candlestick. The breakout is also confirmed by the RSI Bullish Divergence. Therefore, price action is expected to go further up from here on. T1-17.5, SL 14
BUYYES BANK RECENTLY HAD BROKEN THE MAJOR BEARISH TRENDLINE AND HAS GIVEN BREAKOUT OF BULLISH TRIANGLE WITH PULLBACK A STOCK NOW HAVE A HIGHER POTENTIAL TO GO UP
Unorthodox trendlines weekly log scaleSab chale hain toh ye bhi chale ga . In such cases where there is not buy signal on EMA's , Ichimoku and Elliott Wave always search for a bottom using unorthodox trend lines .
YESBANK Breakout!! Possible 2X!! Lot of factors in favor of entering Yes Bank at this price... There may be initIal resistance arnd tgt1 level but can easily go up to tgt2 level..
it all depends on the earnings release in Jul.. If results are positive can even hit 70 levels ..
Monitor around tgt levels.. Support is very strong under 12.. risk to reward is very high
YESBANKWatch out for YESBANK in the upcoming days. It has been continuously trading inside descending channel for long. It has been trying to breakout from the channel. Expecting a breakout this time in the upcoming days. Initial targets being 17 followed by 21. If it breaks the second target levels, we can expect good upside, whereas one should exit below 12.
Please note I’m not a registered analyst. Please analyse your self before investing.
Yes bank longYesbank Long
Longterm trendline and 100 day EMA breakout With good volumes
Buy at CMP at 15.35 or around 15.0
SL- 13.85 (on closing basis)
Target- 18.5, 20.5
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Live Challenging Stock Market Analysis YESBANK Buy @ 15.05Market Analysis
Live Challenging Stock Market Analysis YESBANK Buy @ 15.05
Target @ 20.85
#sharemarket #yesbank #Nse #stockmarket
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Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
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Change in market structure.Get Longseems like yes bank is also feeling left out in this post covid rally which is scaling market's to new high.
So most of the investor/swing trader must have this stock in their portfolio.And most of them would have even average it.None the less coming days might bring good news for the people holding this stock.
As after today's price action stock has clearly made two higher low's along with one higher high.price even managed to break down trend line from the top of December 20.
From here it's difficult to understand what could possibly go wrong in this stock as many big bank/institution have invested in this stock @10-12 rs price.
Although not much is going on in terms of fundamentals and even on technical front price do need to cross and close above 19.50 on monthly chart in order to get final confirmation regarding complete change of trend but then every big journey start's with small steps and hence one should look to allocate at least 3% of there portfolio in this stock as risk reward is good from current price.
look's good @cmp of 15.05 for initiating long's with a stop-loss of 12.30(on daily closing basis) on the down side and target of 19.50 and 45.50.Seems little outrageous but it is possible considering the amount of fall that we have seen in the stock.
PS:could very well be trade of life time for someone like me who has missed so many opportunities in this market to multiply it's investment.
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I may or may not trade this analysis
yesbank bullish cypherlong for target of 19.20. Maintain stop of 13.95
Trendline breakout has already been achieved.
