Yes Bank: Is it only a pullback or a change in trend?
Diupdate
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.Catatan
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.
Trading ditutup: target tercapai
Nice easy 1:2 RR Trade in #YesBank. Refer thread for complete breakdown!
Catatan
58 now. 15% down.Catatan
47 now. Finished
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.