Yes bank has formed W patternMomentum divergence with obv and volume increase along with w patern in price is suggesting this.
Yesbank
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THIS IS NOT FINANCIAL ADVICE.
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MAKE SURE TO HIT THE LIKE/SUPPORT FOR MORE
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DHFL SHARE 1 WEEK CHART KEEP EYE THE (DEWAN HOUSING FINANCE CORPORATION LTD)
THE INFORMATION IN MY IDEAS IS PROVIDE FOR EDUCATIONAL OR INFORMATION PERPOSES ONLY.
THIS IS NOT FINANCIAL ADVICE.
ENJOY SOME PROFITS
MAKE SURE TO HIT THE LIKE/SUPPORT FOR MORE
THANKS A LOT
WISE YOU SUCCESS
Yes Bank touches 61.8 Fib levels on long term Weekly chartsAlthough the recent fall in Yes Bank is purely due to the news and hence is fundamental, charts are showing the important Fibonacci levels Yes Bank has been touching on each of these falls in the past 3-4 weeks.
If Yes Bank is to fall any further from here, then 78.6 levels (120) is on the cards, however, it is highly unlikely and most probably we would see a bounce back from the important 61.8 current fib levels to upto 260 & then some consolidation before going further up?
YESBANK:NSE Possible buy from 125-30 range.Yesbank has been struggling with the bears from poor results. Seems like a good gains from range of 125-30. (Aiming for 300-310 if hold on technicals).
current rend - Downtrend/bearish
RSI oversold on till daily charts.
Consider fundamentals and enter with confirmations.
YESBANK YESBANK Trades using Blue Sky Plus Indicator. Spend less time in doing analysis. Just plain follow the indicator. Message or Comment to get a free trial of the indicator.
YES BANK - BUY ABOVE 290 FOR A HIGH PROBABILITY TRADEYesBank
cmp 276
Target 400 plus
Stop 265
Long suggested ABOVE 290.
Logic:
1) Nice rounding bottom formation.
2) Shorter MA crossed 50/100/200 ma.
3) Bull candles accompanied by above average volumes and pullbacks accompanied with low volumes.
4) Long suggested above 287 which is the last key notable resistance zone. Ideally above 290 to give room for false breakouts.
Disclaimer: I have directional long positions in yes bank.
YesbankYesbank Trades using Blue Sky Plus Indicator. Spend less time in doing analysis. Get Disciplined. Just plain follow the indicator. Message or Comment to get a free trial of the indicator.
YESBANK Clear Idea on how to trade with S/RYES bank looks bullish on the daily chart technically. The trade setup would be as follows
If the closes above 1 the target would be 2 & 3
It is also forming a bearish upwards triangle.
Long Yes BankYes bank is currently trading in strong buying zone, it has tasted its crucial support of 305 twice in last 10 days, currently it is undervalued compare to its peer, there is high probability that it will shoot up from here. One can take long position, my target for yes bank is 380 by December, 2017. Fundamentally, this stock is very strong.
YesBank: Short on Bounce !!Yesbank broke below its trendline support on monthly charts. Clearly Banknifty has made its life high for next 2-3 years. The 2008 bears are back.
Target : Accumulate Yes Bank around 120 in next 1 year !!
Expect 50 - 70 % cut from life highs in all major Nifty 50 stocks barring pharma which is already corrected.
YES Bank provides a Kumo BreakoutYES Bank broke above the Kumo Cloud on back of Q3 results. The Chikou Span seems to be free. Span A & Span B are also trending up. A long can be initiated with initial and trailing stop loss 0.5 ATR below Kijun Line (Currently at 204.60)
YES bank headed for another round of fallthe chart is self explanatory ..... smaller time frame chart corroborates our suspicion
YES BANK - Short term pull back possible Daily charts
cmp 169.80
Long advised above 172.
High probability of Short term pull back towards mean. (195-200 )
Logic -
Strong divergence seen in price Vs pivot based oscillators.
Price forming lower lows + pivot based oscillators forming higher lows with volume supporting.
DOES NOT SIGNIFY A PERMANENT REVERSAL. ONLY A SHORT TERM TRADING OPPORTUNITY.
Stop for this would be 160. Entry should be only above 172 for a target of 195-200.
