Yes Bank: Is it only a pullback or a change in trend?
Monthly witnessed a green engulfing candle in October after a great fall with a long lower wick which shows a strong downside rejection.
Weekly is at a minor resistance level, rejected it last week. There is a recent TL break also, which can possibly show a reversal. The view is mixed with more weight to towards the bearish side as the higher TF is weak and a nominal bearish RSI divergence.
Daily is getting choppier at the weekly resistance level. If the TL is broken again, we can see a good fall again in
YESBANK. We will wait for EMA crossover before entering a short with SL of 73 and a 1:1.5 target.
Weekly is at a minor resistance level, rejected it last week. There is a recent TL break also, which can possibly show a reversal. The view is mixed with more weight to towards the bearish side as the higher TF is weak and a nominal bearish RSI divergence.
Daily is getting choppier at the weekly resistance level. If the TL is broken again, we can see a good fall again in
YESBANK. We will wait for EMA crossover before entering a short with SL of 73 and a 1:1.5 target.Note
Price is choppy at Resistance levels in Daily. An Ascending Triangle pattern can be spotted in 75 mins. A break below it can give us a short opportunity.
Trade fermée: cible de profit atteinte
Nice easy 1:2 RR Trade in #YesBank. Refer thread for complete breakdown!
Note
58 now. 15% down.Note
47 now. Finished
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.