Idea for Education Only
If Yes Bank breaches strong resistance on the upside and closes above it, we may see a fresh upside trend around 32/34/37…
(Note please: Only for educational purpose )
YESBANK trade ideas
Possible Correction In Yes BankYesBank could be making a WXY move, and the short term sell target is around 300
YES BANK to 110-120We can see Inverse Head and shoulder pattern on 1D chart with right shoulder in forming. If daily close above it would be quite bullish. However we can expect a drop to 53-59 for proper right shoulder finish.
Ladder long from 53-69 can be a 60-125% profit chance in mid term targeting 113-126-157.
The bat pattern formation in line with the inverse H&S pattern target of 113 at 260%
my analysis of yes bank price will crash tomorrowthe triangle analysis shows the yes price rise was expected and the candle rise is showing this
Bottom fished today averaging from 60,40 and 30 today...Market Commentary:
The trend is bullish or in bearish, i will inform in the chart and there will be a PB can occur and some correction may start, so MIND that DON'T TRADE THE CORRECTION and what i am expecting the CORRECTION....Wait for the PB ends...and give entry in the trend side...If u r doing the PB and correction u will took loss ....trade only in trend side....try to identify the short term PB and the long term PB...then trade in small lots in the short term and trade with big lots in the Long term trend...PB means PULLBACK
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOTT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS YOU CAN COMMENT ONLY FOR DOUBTS IN LEARNING EW AND NOT FOR ENTER OR EXIT IN THE TRADE OR ASKING ME OR SUGGESTING ON WHAT U TAKEN, ACCORDING TO YOUR ANALYSIS.
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count changed or updated. Make sure that old one was invalid or possible or alternate wave and the new one is valid. Good luck and cheers.This is a educational post only...my ambition is to create a awareness to the traders who lose the money and treating like a gambling...this is a pure business and not only buy and sell apart from that we have to fine tune ourselves in various part of trading...cheers once again. PB means PULLBACK
YESBANK - LONG RED LINE ARE GAP DOWN WINDOWS,
I looks like to consolidate Or Break Above the trendline (In between 3-4 march), I guess
YESBANK | 27 Jan 2020 | Multiple bottom upward trendYESBANK tends to bounce of the support for the third time, as the days high crosses the 20DMA. The stocks seem to follow an uptrend until the next decline.
YESBANKYESBANK breaking 46 rs will send it to 58-59
untill then its a risky play ...
WEEKLY RSI MAKING HIGHER LOW NEAR 20 RSI .... which is good.... daily rsi also making higher low ....
Good to keep an eyes.... blue area is also very important as if it is retesting this region and ready to go lower than it might go very fast
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YES BANK DOUBLE BOTTOM BUY OPPORTUNITYYES BANK STOCK HAS BEEN ON STRONG SELL TREND SINCE APRIL-2019. STOCK HAS HELD IRS SUPPORT OF 01-OCTOBER-2019. SINCE THAN IT HAS BEEN ON PULL BACK TO DOWN TREND OF APRIL TO OCTOBER 2019. IT HAS CREATED MINOR LEVEL OF STRUCTURE AROUND INR 45 LEVEL, WHICH CAN ACT AS SUPPORT TO RECENT BULLISH MOVE. CHART CAN FORM DOUBLE BOTTOM FORMATION ON DAILY CHART. WE CAN LOOK TO ENTER BUY TRADE AROUND INR 43 TO 40.75 WITH STOP LOSS NEAR INR 38 WITH TARGET-1 AROUND INR 51 AND TARGET-2 AROUND INR 70.
Sell Yesbank SL above 57 Tgt 53 46.7 41.55 39 29Sell Yesbank SL above 57
Tgt 53
46.7
41.55
39
29
Long Term Investors having Yes Bank in portfolio at higher Price can also Hedge their valuation with Yes Bank 50 PE Dec Option.
Bearish Momentum marked by News of Moody's Downgrade in Yes Bank
