Yes Bank is completing a Flag Pattern. If it escapes on the upside, potential for a 15-25% upside. Low risk as it is currently trading near stop loss.
Exit if pattern is broken or stop loss triggered.
NSE:YESBANK
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Dear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:YESBANK I have been monitoring.
It appears that the stock is approaching a potential resistance level Near 24-25 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a...
Once a darling of banking investors, it has seen better days....Fortunately almost everyone came in to rescue this bank from going into oblivion....The foundation is strong but due to shoddy management by the ex-CEO it has tumbled down....But, I'm hopeful, and this is the best case scenario I can think of....I'm not going to recommend a buy or sell, Its more of a...
Yesbank is ready to go on the upside (retracement) for the fall it has given from the peak
On the lower time fame this stock has been in accumulation for almost 3 years
Now there is a proper shakeout for liquidity sweep
Refer chart for details
Potential target 144
Max bullish cycle till oct 2024
Maintain strict stoploss and risk management
Greetings Folks,
today i have prepared a setup of YESBANK on NSE
the analysis is as follows
- ideal textbook structure
- static resistance tested earlier
- 2 possible entries which i have mentioned
- imbalance above in the chart which has to be filled
dont play with fire, always use a predefined stoploss
📊 Pattern: Parallel Channel
📌 Symbol/Asset: Yes Bank
🔍 Description: Stock is bouncing from a strong support base.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
I am currently long in Yes Bank , cause it looks good according to my setup just sharing the idea why i am long . This is only for Educational purpose ask your financial Advisor before making any investment decision
The recent price movement of #YESBANK indicated a bullish breakout followed by a pullback near a significant level. It is anticipated that the price will rebound from the highlighted key level, potentially leading to a revisit of the daily resistance established between the 17-19 level.
A risky trade, Please add small amount to it. Target and SL has been shown on the chart.
Disclaimer: I am not a SEBI Reg. Analyst. Please do your own research before investing or trading.
Yes Bank -
Trading and not breaking strong Support zone ..
Positive - If stock respect Blue trendline and not break it , then Yes Bank try to break all above resistance
Negative - If stock break down blue trendline and then break strong support then it may fall upto Support -2 for sure
Target - 15.5 / 16
Free Bull Zone - Above 17
Strong Support -...
In Daily Timeframe YESBANK can be seen forming Ascending triangle pattern.
It seems like it is breaking triangle resistance, we can see good move upwards from 17.30
Entry: Above 17.30
Target: T1 - 18.50
T2 - 19.50
Stop Loss: 15.85
Disclamer:
This analysis is for educational purpose only.
This is not a financial advice. Do your own research.
#NFA #DYOR
