Long

Yes Bank - Low risk long entry

Mis à jour

From what I can see it appears that Yes Bank is in the process of forming an Inverted Head & Shoulders formation.

- 320 &330 Put OI is climbing so that could be a support level
- Yesterday's and today's candles seem to forming a Tweezer Bottom which often results in a rise
- Current price level is near the left shoulder range
- SL is quite tight so low risk long trade

Note

Its 12:34 now. Good time to enter long. SL of around 20 points

Transaction en cours

Entered long position

Note

Writing 320 or 330 Puts might be a good idea

Transaction en cours

Added to long position

Note

Yes Bank is rising well.

Note

Immediate target: ~340

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Turning out to be really profitable. Multiple lots in the futures market plus some Put writing @ 330 strike price

Trade fermée: cible de profit atteinte

Immediate target reached: 339

Note

Refer my chart with probability analysis of range levels:

Note

Yes Bank seems to be surviving the generally bearish sentiment of the market

Transaction en cours

Holding long position since 19th June in futures market

Note

Target 341 in futures market

Trade fermée manuellement

Closed for a gain of about 6 points per lot

fcsa

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