YESBANK trade ideas
Yes Bank will it Hold? If not Bears will attackYes Bank has broken the support.If 286.65 is broken then
The Next support lies at 247.39
If there is a good bounce based on volume an intraday position can be taken, if the support is broken shorts can be taken.
This is not financial advice do your own research
Yesbank Aggressive EntryThe gap down and the past down-trend already factored the shit NPA it published leaving us a low-risk high reward scenario. I snapped November futures at 308.95.
Ideal Entry
But as it created a doji; it is advisable to enter at the breach of the high of the doji on a closing basis ( i.e. after a confirmed green candle).
Apocalypse Idea
Will buy Yesbank 300 PE in the worst case or sell 320 CE or 300 CE. Will update.
Yesbank NSE Indian Stock long bias at new demand zonesPrice fell short of retracing to Yesbank NSE Indian Stock weekly demand level around 319 and kept on rallying strongly in a big picture uptrend. New weekly demand level created higher around 351, price did retrace to this weekly demand imbalance, playing out nicely. Long bias at new areas of demand on Daily and Weekly timeframes