BULLISH: Mid/Long term :Getting ready to enter into 100-150 ZoneGetting ready to enter into 100 DMA to 200 DMA Zone
YESBANK trade ideas
YESBANK SHORT SETUP VERY RISKYSHOWING BEARISH DIVERGENCE WITH RSI IF LOWER TRENDLINE IS BROKEN TARGETS ARE GIVEN FOR SELL SIDE BUT RESULTS ARE OUT DONT KNOW HOW MARKET WILL REACT VERY RISKY TRADE
NOTE: ONLY FOR EDUCATION
Consolidating after big moveOn Monday the support is likely to come at 62.05 and the resistance will be at 68.85. On 7th Nov. the stock may show some strong movement.
YESBANK SHORT A NEW LOW MAYBE MADEYESBANK IN WEEKLY CHART IS OSCILLATING IN A TRENDLINE FIRST TARGET IS 30 AND NEW LOWER TARGET IS LOWER CHANNEL LINE 8 RS :) ALL DEPENDS ON RESULT NUMBERS ALSO DUE ON 1st november IF RESULTS ARE GOOD TARGET FOR LONG IS 97 RS. GOODLUCK STOPLOSS IS UPPER TRENDLINE 64 RS.
NOTE: JUST FOR EDUCATION NO ADVICE GIVEN
RESISTANCE LINE RESTRICTS YES BANK.YES BANK WILL GET SUPPORT AT THE TREND LINE THAT IT HAS TAKEN OUT TODAY.
CLOSING BELOW THIS TREND LINE MAY RESTRICT ITS FURTHER UPWARD MOVEMENT.
REVERSELY IF IT TAKES OUT THE RESISTANCE LINE HIGHER LEVELS ARE POSSIBLE.
WILL UPDATE DURING MARKET HOUR.
Yes Bank - short setup - Inside bar range breakout tradeShort YESBANK below 53
T1: 42
T2: 37
T3: 32
SL: 60.10
PS: We are going to avoid going long if the range breakout happens above 60 as the major trend is bearish.
YESBANK...Potential to Cross Rs.200 againYESBANK after going through all the Turmoil and Pain is now attracting Demand.
The Flag and Pole Chart Pattern Shows the Stock moving up to Rs.200+ Levels in the future.
Stop Loss : Rs. 65
YES BANK Rebound After falling below Rs.40. YES BANK is showing Flag & Pole Chart Pattern. Indicating the Stock moving upwards. Target is around Rs. 73
YES BANK TOUCHES THE UPPER LINEAND AGAIN TAKING POSITION FOR ANOTHER MOVE CHART WILL BE ADJUSTED SOON
PLEASE LOOK AT THE ATTACHED CHARTS
YES BANK 1 HOUR WOLFE WAVE SELL SETUPYES BANK 1 HOUR WOLFE WAVE SELL SETUP
YES BANK SELL STRONG IF NOT CROSS CURRENT HIGH 59.90
SELL AT 58.50 WITH STOPLOSS 63.50 FOR TARGET 48.50 & 45.50
YES BANK AGAIN BREAKS THE TREND LINE IN ITS UPWARD MOVEMENTTHE CHART COMPLETELY CATCHES ITS MOVEMENT
Yes Bank to make new all time lows.Yes Bank is very likely heading towards making a new all time low if the minor support of 45 is broken. We are seeing the same pattern in price action as we saw in August-September. It has not given a closing above the upper trend line since the start of this channel. We can only expect to see an upwards move if we see a closing above 57 on daily chart with heavy volumes and delivery. If you are long in Yes Bank then it's best to exit right away or when the red support line gets broken. Risky traders can place shorts at CMP with SL being a notch above upper trend line (closing basis). Safe traders can wait for the 45 support to get broken and enter shorts accordingly. I will update the post as we see changes in price action when market opens on Tuesday.
Only one Indicator shows you that Bottom is about to firmIf any stock has weekly Madc Positive in huge fall than we can expect at least 28 to 50% Retracment
Buy Yesbank everydeep do not worry too much nothing will be great @ down side and Up side would be atleast 72 rs/-
BullishIf Yes Bank closes above 53.75 today, the next intermediate term target will be 68.15. Let us see how it behaves today.
Not Happy -Possible one more down Yes bank I am not happy with the move and closing of today
The move does not have Impulse Character , and they did not brake through the down ward channel
it indicates the pain is not over
I strongly dis-agree with current move and i am looking for one more drop
This drop might even go below the current low before it makes turn around
One rare Case is possible only if the price Open out of the structure and moves away form it with impulse character in it
Structure also does not support any further movements
