YESBANK trade ideas
YESBANK - Time to Buy?The support of 62-63 is quite solid. I think this is the last low before it targets 80 above and its a good time to buy.
take entry around 63-65 with a strict stoploss of 10-12 aiming 81-89 in next 1-2 weeks as time frame is most important part of trading hold with patience and believe in yourself. Happy Trading.
YES BANK SEARCHING FOR DIRECTIONNR4 DAY FOR YES BANK
CLOSES BELOW 20 DMA AND TWO TREND LINES
UNABLE TO CROSS 100 DMA IN TWO ATTEMPTS.
DEVELOPING HEAD AND SHOULDER PATTERN WHOSE BASE LINE MAY ACT AS SUPPORT INITIALLY.
INCASE OF ANY POSITIVE NEWS THIS TIME IT MAY TAKE OUT THE 100 DMA TO REACH RESISTANCE LINE ABOVE.
HOWEVER IF NO NEWS IS THERE IF MAY DECLINE TO THE LEVELS AS MENTIONED IN THE CHART.
TRADERS MUST TAKE POSITION WITH PROPER STOP LOSSES.
YES - ONLY WHEN 73 IS CROSSED DECISIVELYYES BANK IS GETTING GOOD SUPPORT AT 63.
BUT, THE SHARE PRICE IS PLAYING AROUND 63-72.
WAIT FOR SOME TIME TO CROSS THE 73 LVL.
(OR) BUY ORDERS MAY BE CONSIDERED AT 56 LVLS, WITH STRICT STOP LOSS IN PLACE.
TARGETS ARE 83 AND 117.
YES BANK MAY FALL TO 47 LEVELS SOONER...YES BANK MAY FALL TO 47 LEVELS SOONER...
ENTRY LEVELS 64-70
KEEP A STRICT STOP-LOSS OF 77 ON CLOSING BASIS...
Yes Bank: Looks good at CMP & on dips towards 58Yes Bank
CMP 65.45
The stock can be looked at CMP & / or especially on dips towards 58-60 levels.
Target and Stop loss levels are mentioned in the chart...
Take care & safe trading...!!!
Yes Bank: At important support levelsYes Bank
CMP 65.45
The stock can be looked at CMP & / or especially on dips towards 58-60 levels.
Target and Stop loss levels are mentioned in the chart...
Take care & safe trading...!!!
Held support todayTomorrow's expected range is 63.35 to 66.90. Bullish above closing of 66.90 tomorrow.
YES Bank Short Trade- Major TL Broke Down.
- Retested and moving down.
- Looking for both highlighted zone to book profits for short.
YES BANK ANALYSIS STRICTLY FOR INVESTORSAS I HAVE MENTIONED WITH CALL OUT THERE IS A GAP AND IT HAS TO BE FILLED TARGET FOR INVESTORS IS MARKED WITH ARROW BUT HOW LONG WILL IT TAKE TO FILL THE GAP NOBODY KNOWS GOOD ENTRY POINT IS 40 RUPEES APPROX BUT REMEMBER IF BAD NEWS COMES NOTHING WILL WORK
GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK PROFIT IS YOURS LOSS IS ALSO YOURS
YesBank Buy IdeaSafe to add yesbank at or near trend line.
Big candle buying by Rakesh Jhunjhunwala is marked. Unlikely that Yesbank is ready to test it's lows unless bad news discovered so.
YES BANK TRADING THE TREND LINES ANALYSIS FOR TUESDAY 19/11/2019AS WE CAN SEE IT HAS BROKEN MIDDLE TREND LINE, CANDLE SIZE IS ALSO GOOD IN RED COLOR CURRENT MOVING AVERAGE MAY WORK AS SUPPORT LET IT BREAK ON CLOSING BASIS TARGET FOR SHORTS ARE 53.10 THEN 57.9 THEN FINAL TARGET IS GIVEN WITH ARROW WHICH IS LAST TREND LINE
STOP LOSS WILL BE 71.25 GOOD LUCK
NOTE: TRADE AT YOU OWN RISK
AGAIN SELLING CONTINUES IN YES BANKBREAKING OF THE SUPPORT MAY TAKE IT TO 20 DMA AT 62.
FURTHER BREAKDOWN MAY TAKE IT TO 56.4.
HOWEVER IF MAJOR BUYING AT THIS STAGE TAKES PLACE IT MAY TAKE IT TO UPPER TREND LINE IN THE CHART.
Long after correction ( Slow Pulsing) I am looking this one of the classic example of pulsing move impulsive ( Refer Elliott wave Principal )
This one is currently making small leading Expanding diagonal , which lead s to develop 1 st impulse move up
this trade is also good for Long term position in case want to hold
YESBANK 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.
Yes Bank: Is it only a pullback or a change in trend?Monthly witnessed a green engulfing candle in October after a great fall with a long lower wick which shows a strong downside rejection.
Weekly is at a minor resistance level, rejected it last week. There is a recent TL break also, which can possibly show a reversal. The view is mixed with more weight to towards the bearish side as the higher TF is weak and a nominal bearish RSI divergence.
Daily is getting choppier at the weekly resistance level. If the TL is broken again, we can see a good fall again in NSE:YESBANK . We will wait for EMA crossover before entering a short with SL of 73 and a 1:1.5 target.
