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scorpiomanoj

YES BANK - Short term pull back possible

Long
YES BANK (NSE:YESBANK)  
scorpiomanoj  
NSE:YESBANK   YES BANK
Trend Analysis Chart Patterns Technical Indicators yesbank BANKNIFTY NIFTY sensex pboscillator Pivot Points
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trendanalysis chartpattern indicator yesbank banknifty nifty sensex pboscillator pivotpoints
Daily charts
cmp 169.80
Long advised above 172.
High probability of Short term pull back towards mean. (195-200 )
Logic -
Strong divergence seen in price Vs pivot based oscillators.
Price forming lower lows + pivot based oscillators forming higher lows with volume supporting.

DOES NOT SIGNIFY A PERMANENT REVERSAL. ONLY A SHORT TERM TRADING OPPORTUNITY.

Stop for this would be 160. Entry should be only above 172 for a target of 195-200.
Trading is my passion.
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