YESBANK trade ideas
#YESBANK CASH : STRONG SUPPORT 257-260#YESBANK CASH
08 APRIL 2019
STRONG SUPPORT 257-260..
IF HOLDS THEN WILL ZOOM UP TO 280-285 ALSO
STOPLOSS 250-252
Yes bank Daily time frame Analysis CMP 269 Targets 259-251-2Yes bank Daily time frame Analysis
CMP 269
Targets 259-251-227-213-193.7
YESBANK Good Long OppoturnityEntry: 150 , Target : 280 ( 12 Months ), Stoploss : 145
What I see from Chart:
- RSI Divergence
- Wicks Indicating Strong Buying Action
- High Volume in Buy Zone
Valuation Analysis:
Trailing PE: 9.0, 5-year avg: 17.3 ( 48% discount )
Forward PE : 7.4, 5-year avg: 13.8 ( 46% discount )
BullishBy 12th April the scrip is expected to cross 287.50 and the strong resistance will come at 326.
Probable BreakoutMight be a probable breakout at current level . Buy with a target of 287 maintaining stoploss mentioned
Yes BankPlease treat this only for education purpose :
Current Movement suggest that one more upside move of Yes bank is expected from this price level.
This view will change if price move below the trading price 257.20.
We are expected to complete the wave B of yes bank at 305.6 level and then wave c will start.
Your view are welcomes.
DK
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LONG YES BANKYes Bank Expiry Outlook looks very positive.
as Mentioned in my Previous post on yes bank, if did exactly that and given very strong return.
last 3 days were some side ways consolidation and correction which is coming to an end now.
Option chain also suggest high open interest, which will start to unwind and push stock to 286/300/310 levels.
Targets 286/300/310
SL 259
Please trade the stock with Trailing Stop loss.
YES (Say YES as per the price movement direction)There are two options being presented by YES BANK.
Both the price levels in either direction is identified on the charts.
Weekly charts indicate weekness is my observation.
Yes Bank in bullish ChannelNSE:YESBANK
- Broken its previous swing low of 221 created in November 2016
- Broken its previous swing high of 246 created on 25th January 2019
- Growing volume on a consistent basis
- Once it breaks its previous high of 256, it shall attempt to fill the September gap
- Also close to 200 DMA at 261.80
Yes Bank has Rounding bottom break outYes Bank was in bearish phase from past few months but is recovering from bearish phase and entering in bullish phase and shown the rounding bottom breakout @269
Now we can buy it for long term target that is at 402 within 6 months that will be near to 50% returns from hear. Place Stop loss at 246.
Squueze breakout in YES Bank - Swing TradeNR 4 + IB
BUY above 281.5, stop below 273.55 for targets of 293.45, 297.40
SELL below 273.55, stop above 281.5 for targets of 261.65, 257.65
YESBANK : ST -For Freshers, do not trade this kind of stock!!I analyse charts on waves theory as well as Fibs.
These are not trading signals, please do not trade as per my forecast.
YesBank, will crawl to new highs and will give a good RR if you keep your SL tight on each UP move and trail it. Be careful, as it is not easy to trade these kind of charts, freshers donot try to trade this stock please.
POSITIONAL TRADE IN YESBANK APR (FUT)POSITIONAL TRADE IN YESBANK
APR FUT
BUY@266
STOP@260
TARGET@280-85
LOT:1750
QTY:2
