k314

YESBANK weekly chart study - Broadening right angles triangle

k314 Aggiornato   
NSE:YESBANK   YES BANK
YESBANK weekly chart study - Broadening right angles triangle with sliding parallels.
Commento:
Expecting 150 soon
Commento:
Was expecting Yes bank to make 150 as on 26th Nov when it was trading at 190+.
150 done on 29th Nov. Didn't expect it would fall so much so quickly however. Excuse me for the late update.

It took a bounce at the trendline by making a low of 146.75. Any move below 130 could trigger a sharp fall towards 100-70
Commento:
Yes bank taking support t the channel bottom
Commento:
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Yes bank taking support at the channel bottom. It could be a bounce or break for Yes bank from here.
Trade attivo:
.
Currently YESBANK is taking support at the channel bottom.

One can initiate a TINY position at CMP 163+ with a strict SL of 138.
Targets: Open

Its a RISKY COUNTER TREND TRADE. Recommend buying very small qty
Trade chiuso: stop raggiunto:
SL of 138 triggered.

Had recommend buying very small qty as it was a risky countertrend trade
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