YESBANK trade ideas
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.
100 Monthly SMA Proved to be better Indicator 100 Monthly SMA Proved to be better Indicator than 100 Month Exponential moving average
For YESBANK 200 Monthly SMA For YESBANK 200 Monthly SMA Proved to be better Indicator, it touched the SMA and rebounded from 200 SMA
YES BANK - DOUBLE TOP / RSI DIVERGENCEIn daily time frame of YES BANK ....a DOUBLE TOP with RSI DIVERGENCE occurred ...
so we can ENTER SHORT like RISK REWARD shown in the chart
Yes Bank LongYes Bank is ready to start upward journey risk reward favour long as well . Positional trade not day trade .
If 20% returns possible in YESBANK ,say YES to this stock ,208? Lets try this for 20% upmove from here
YesBank Moveif breaks Support level 0f 175 it will be easy to fall 163 great opportunity to buy from here to the direct profit of 39 % if holding and having patience for more than 40 days from buy zone sell@278
Yes Bank 10 RRR shortTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
Yesbank Broke Key SupportYesbank broke down below key band support.
1600 Crore INR working capital loan to DHFL is an Issue
3000 Crore Essal Group ( Zee Entertainment) for DISH TV share collateral is also a issue.
Looking to re-enter @ 165 level
Looking to short on close below 191
Strong performance by Axisbank and Icicibank also keeps good new money out of YESBANK.
Good luck!
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.
