Obral Cyber MondayDISKON hingga 70%
YES BANK LTD
Pembelian

Yes Bank - Low risk long entry

Oleh fcsa
Diupdate
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
Catatan
Its 12:34 now. Good time to enter long. SL of around 20 points
Trade aktif
Entered long position
Catatan
Writing 320 or 330 Puts might be a good idea
Trade aktif
Added to long position
Catatan
Yes Bank is rising well.
Catatan
Immediate target: ~340
Catatan
Turning out to be really profitable. Multiple lots in the futures market plus some Put writing @ 330 strike price
Trading ditutup: target tercapai
Immediate target reached: 339
Catatan
Refer my chart with probability analysis of range levels:
Yes Bank - Probability analysis
Catatan
Yes Bank seems to be surviving the generally bearish sentiment of the market
Trade aktif
Holding long position since 19th June in futures market
Catatan
Target 341 in futures market
Trading ditutup secara manual
Closed for a gain of about 6 points per lot
Head and Shoulders
fcsa

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