YESBANK trade ideas
tes bankentially, a Pivot Point is the average of the High, Low and Closing prices from a previous trading session.
Pivot Points act as a leading/predictive indicator in that on the subsequent day, trading that goes above the Pivot Point is considered a bullish signal, while trading that goes below it is considered a bearish signal.
In Pivot Trading, the general trend is that if the market opens above or below the pivot, the price action has a strong tendency to remain above/below the pivot for that trading session.
Keeping this in mind, as it allows you to avoid much of the market noise that may show up later in the day.
On the other hand, if the market opens or trades at extreme support or resistance levels, it has a general tendency to trade back to the pivot.
Traders should remember this to avoid buying high or selling low even as the price moves away from the pivot.
The Opening, High, and Closing Prices are used to calculate Pivot Points based on the chart’s timeframe.
yes banlyes bankPivot Points Standard — is a technical indicator that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several support (S) and resistance (R) levels.
In financial markets, a pivot point is a price level that is used by traders as a possible indicator of market movement. A pivot point is calculated as an ...
Yesbank - Scripts to AvoidThe 10% rise in such scripts seems to excite a lot of retail participants.
The chart illustrates how the script could be onboarding retailers into a sinking ship for now.
It could reamin at 10 and below and you will lose many golden oppurtunities (oppurtunity cost) from other good scripts in market.
However, Stocks are dynamic, so when one can enter this script?
Only if it breaks the 200 ema and retraces to retest it. Thats when the stocks momentum will shift other side.
No positions - just for education.
YESBANK trading at strong support levelYESBANK is available at all time low price. It's trading at 10.90 which is price seen before almost year at 28th July 2020. After touchinig this level, it showed strong rally and almost reaches at 20. There might chance we see more volume seen at upcoming days and will show same rally as before.
YESBANK SYMMETRICALPATTERNHello
Welcome to this analysis about YESBANK , we are looking at daily timeframe perspectives. YESBANK in recent times heavily decreased with bearishness however it now moved into an oversold condition. YESBANK is developing here that will be a decisive factor in the upcoming times. I discovered the main formation YESBANK is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how YESBANK has emerged with this key YESBANK SYMMETRICAL PATTERN marked in my chart with the black boundaries. YESBANK is near support region which is an important support and also psychological support-mark together with the lower-boundary of the YESBANK SYMMETRICAL PATTERN a pullback
In this manner, thank you for watching my update-analysis about YESBANK and its major YESBANK SYMMETRICAL PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!