YESBANK trade ideas
YesBank Trend breakoutHigher Lows, Lower Highs and boom the much awaited breakout
Sky says: Hey YESBANK, now that you broke the Trendline come meet me sometime
SL: 25; T's: look for the marks
Are you done suppressing price MM ?think we see the move up around noon on the 4th
i think this is highly undervalued at these prices and a safe bet so stuck between buying a moon bag and forgetting it or just capturing the meat of the move once uptrend is confirmed.
16 then 21 is just a matter of time and once we cross these 2 the real fun begins.
EYES WIDE SHUT - 10X IN 3 YEARS Started afresh with my yes bank chart and the more i look it it the more i feel this is going to be a nice return in the short , mid and definitely long term.
Trading is more about micro entries but if your'e investing can't really go wrong at these levels with another few months before i see this taking the elevator up a few levels (87) just been too much blood for the past 24 months .
5.90 is what i feel the haters are waiting for and feel they shall keep waiting rather than try catching the bottom i chose to scale into this since the reversal should be quick in my opinion :) with the downside limited .
132 looks like should be possible given the m cap has taken a hammering and all the bad stuff is behind us.
looking forward to what Monday brings remember nothing is permanent .....except death and taxes
HOPIUM TRADE-- DYORhopped off all positions and got a big bag of YES
Feel like i'm letting my emotions take over but 12.25 should be the bottom so last order is there.(ignoring 10.20 )
MACD bottomed out almost.
RSI SUB 14
Just feel this is getting pushed down and at some point it has to reverse from being oversold hence dollar cost averaging my entry.
First Target 16.15 which is a key level as mentioned before in my earlier graph .
Due diligence already done by SBI and HDFC so mid term can't really go wrong with them having to hold their shares for a while so at this price levels am pretty confident it shall reverse sooner rather than later.
may hang on to this for a while since not in the zone at present :)
Wish me luck this one is pure emotions may have a wick to 10.20 may just gap up on monday .. lets see !
16.15 last line of defense ! Always wanted to spot an abandoned baby pattern and i got a feeling that Yes is going to form that for us over the next 2 days.
My earlier call on Yes was messed up by some bad FA and now looks as if we are headed to 16.15 so enter around there if we get there.
where it should bounce from logically the long range its has held of 21 -30 has still held though so lets see what happens tomorrow.
Still feel this bank will eventually get its act together so now is the time to look for a decent mid term swing trade opportunity.
everything bearish for this at present though 1 good news and market sentiment can change quick.
yes bank ltd. in downtrendyes bank ltd. is in downtrend, falling resistance is blocking the price and not letting it to go up. wait for breakout.
60hrs to Pop ?Lower time frame could keep our SL at 24.95 and go big on size this is going under the radar for now however every dog has its day .
Trading above 50 & 99 day with 200 getting closer .
it's a no brainer for me , had 2 nice trades with this in the past now i think its almost ready to pop.
Please check high time frame graph for targets , if you are still holding some bags now is the time to double or triple down .
YES Please ! 3X mid term Its getting closer to the apex and the moving averages are also about to meet up.
The way i see it assuming this is not going to fold and the FUD has been cleared out there is only 1 way for this to go and that's up.
60 being the first decent resistance and should see a pull back from there to test the downtrend line also scare the weak hands.
Long terms i think this will keep moving on up at least till 154 where it gets a little busy however after that the zones get nice and empty with lesser resistance.
As of now trading at 28 is a good entry for a possible 3X once we clear 38 and the downtrend line.
Targets 60.10 , 88.95
Loose stop loss 23.85
Think this is getting ready to move has had a nice 3 months of accumulation time to step up .
YES Bank Buy Setup on weekly chart.. Above 32.15 , S.L 28.7 YES Bank Buy Setup on weekly chart.. Above 32.15 , S.L 28.7 Target 35 to 38.
Please refer to Volume for trade confirmation. Volume needs to be above the average.
POSITIONAL LONG ::: YES BANKTechnical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever.
huge round of applause for yesbank investors time to increase more holding😂? how many times we gonna do averaging ?
YES Bank - Long Term ViewYES Bank - People flocking around this stock as if their life depends on it, has been a big pain in the neck for many.
Lets us see how it might pan out in coming days/Week/Month - technical view.
The MACD indicator (Monthly Time Frame) is well below the Zero line, which tells a story that...its still not out of the woods, any upside can be used as an opportunity to come out of this stock. But on weekly & Daily Time frame it seems it will keep on giving small bounces, which can be used to come out of the stock.
It will take atleast 6/8 months for it to turn around (in case, if there is some good news) & then we will have consolidation a very low levels of 5/10/15 & after that we need to analyze more if it will go up or not.
Untill then , my view is to stay away from this stock, if you are thinking of investing & for trading its always a treat.
Yes Bank going back to 15rs or maybe 6.Yes bank seems to be going back to 15, I will go short from 21.
TARGET COMPLETEDYES BANK PULLBACK
BUYING POINT 38.05
TRAILING STOP LOSS 34.76
1 TARGET = 40.94
2 TARGET = 44.19
3 TARGET = 47.45
4 TARGET = 50.70
GIVEN TARGET COMPLETED SUCCESSFULLY
Note: Do your own study before making any position...
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