YESBANK trade ideas
Yes Bank will it Hold? If not Bears will attackYes Bank has broken the support.If 286.65 is broken then
The Next support lies at 247.39
If there is a good bounce based on volume an intraday position can be taken, if the support is broken shorts can be taken.
This is not financial advice do your own research
Yesbank, SharkIt is noted through long observation that the 4th leg of a Shark Harmonic patter generally witnesses good momentum in price. Here is one more evidence.
YesBank, SharkIt was said in the last post that during the last leg of Bearish Shark price often gathers good momentum. We expect this to happen in this stock.
YesBank, SharkLast leg of Bearish Shark Pattern probable target of which is visible. Near perfect legs. If all goes well, it is a good investment to generate decent return with appropriate Stop Loss.
LONG YESBANKKBO SETUP FORMED AND ACTIVE AT 343, 349.70 IS CRITICAL POINT IF WE GET DAILY CLOSE ABOVE IT THEN THIS WILL ROCKET AND GIVE GOOD UPSIDE
Long YES BankYes bank currently trading at very low valuation compare to its peers, and technically it is supported very strongly at level of 300-305. Chances of making uptrend is very strong from here.
Yesbank Aggressive EntryThe gap down and the past down-trend already factored the shit NPA it published leaving us a low-risk high reward scenario. I snapped November futures at 308.95.
Ideal Entry
But as it created a doji; it is advisable to enter at the breach of the high of the doji on a closing basis ( i.e. after a confirmed green candle).
Apocalypse Idea
Will buy Yesbank 300 PE in the worst case or sell 320 CE or 300 CE. Will update.
Possible Elliot Wave Count - Yes BankYes Bank in a 4th wave pullback . Good stock to accumulate between 300-250 in your portfolio for a minimum target of 400+.
Yesbank NSE Indian Stock long bias at new demand zonesPrice fell short of retracing to Yesbank NSE Indian Stock weekly demand level around 319 and kept on rallying strongly in a big picture uptrend. New weekly demand level created higher around 351, price did retrace to this weekly demand imbalance, playing out nicely. Long bias at new areas of demand on Daily and Weekly timeframes
YesBank Intraday & PositionalFor Intraday Short Below 1837, and Long Above 1857. Might take Support at 1794 if goes down. For Positional Basis If close crosses 1860 and sustains for an hour, then buy as per Targets mentioned in Chart.
