YES BANK: BULLISHAs per Institutional Order Flow and Price Delivery Analysis, I'm bullish on Yes Bank.
There has been a stop run to stop out all retail traders aka, a purge in the liquidity and immediately a bullish candle to push it upwards.
Disclaimer: I am not a SEBI Registered Advisor. This post is purely for educational purposes only. I will not be responsible for your profit and loss.
Please confirm with your investment advisor.
Yesbankanalysis
Likely Bottoming out and starting move higherYES BANK
has made a severe sell off with huge volumes in previous sessions and has been consistently raising these sessions..
Volumes picking up and the RSI has broken the Ascend.. Triangle pattern..
YES BANK likely to touch the 1 and 1.618 fib levels on short term before loosing its momentum..
* Once has to be careful; as this is a sell on raise type of stock..
** Be aware before initiating long positions..
Yes Bank- Weekly SetupYes bank weekly trend is up and price has taken resistance from 4 time from 922-394 zone. It has formed strong bearish pin bar on daily chart which is sign of sellers are in control now. I will wait for the price to come at 386 level for good risk reward ratio. Always book 75% at first target and trail remaining for final target.