Bearish AB=CD harmonic pattern. Banknifty spot should reach 26270 levels in next 2 weeks if 24590 is not broken on closing basis. Expecting a fall from around 26270 which will eventually break recent swing low.
AB=CD is a reversal pattern. It helps you identify when the price is about to change direction. With this pattern you can buy when prices are low and about to rise, or sell when they are high but about to fall.
YESBANK reached vital support zone. Should bounce from 218 levels. If its taken out, will go down till 195 levels and bounce. 218-195 will be good zone for long-term investors to grab the opportunity & cash in.
Head & shoulders pattern is forming in this stock. Left shoulder & head has been formed & now right shoulder is in the making. So we can expect another ~100 points down in this stock in a short time. So positional traders can make use of it & grab the money.