YES BANK - Time to go long
מעודכן
Good time to go long for a positional trade. SL below 325 on closing basis. Then just wait for a surge up. Targets could be 341/351/365/370 etc (futures prices July contract).
- Yes has been taking support at the 100 MA for the past 4-5 weeks.
- Stochastics look good.
- MACD (daily chart) showing signs of a bullish crossover
- Inverted Head & Shoulder formation still valid with price at the shoulder currently. Neckline is at about 370 (futures price July contract)
Ref to:
- Yes has been taking support at the 100 MA for the past 4-5 weeks.
- Stochastics look good.
- MACD (daily chart) showing signs of a bullish crossover
- Inverted Head & Shoulder formation still valid with price at the shoulder currently. Neckline is at about 370 (futures price July contract)
Ref to:
עסקה פעילה
Long since 329 (futures July contract)הערה
I have been looking closely at Yes Bank for about 2-3 weeks now and am building up long positions in the spot and futures markets.הערה
Yes Bank is moving beautifully. Someone who went long the moment I posted would be making about 7000 profit in the futures market. My long positions in spot and futures are working out very well.הערה
341 - first target. Still holding. Mine is a positional tradeהערה
SL for the next few days could be below 327.4 (July contract prices)Targets: 351/358/365/370/380
הערה
Highest Open Interest addition is at 330 & 350/360 (spot prices). These could be the basis for setting SL & Targets for Monday 2nd July.עסקה פעילה
Targets for 2nd July:T1 = 346
T2 = 351
T3 = 355
(Futures July Contract prices)
עסקה פעילה
Holding long positionהעסקה בוטלה באופן ידני
Closed @ 346 futures price. Will re-enter depending on price actionעסקה פעילה
Long again @ 348.5 futures priceהערה
Target 1 & 2 achieved in futures. Holding long positionעסקה סגורה: היעד הושג
Closed @ 258 (futures)הערה
Entered long again in futures @ 357T1= 367
T2= 373
T3= 380/383
עסקה פעילה
T1 367 achieved in futures. Holding long positionעסקה פעילה
Next targets (futures): 369 & 378-381הערה
Highest Call OI: 380 (spot)Highest Call OI Additions: 390
Highest Put OI: 340
Highest Put OI Additions: 350 followed by 360
These (spot prices) could form the basis of SL/Targets going forward
עסקה פעילה
Target: 369 (futures) achieved. Holding long positionעסקה פעילה
Yes Bank has broken the highs of Jan & Apr 2018Target for today: 377 (July futures)
עסקה פעילה
Reduced target to 372עסקה סגורה: היעד הושג
Closed @ 272 (July futures)26k per lot on multiple lots. Good trade...
הערה
I never ride momentum. I prefer positional trading at the tops and bottoms of trends. In Yes Bank one rode almost 30 points since June 28th. That's about 50k per futures lot. And I trade in more than one lot if I am convinced about my analysis and the actual price action. Feels good to have caught the trend when it was still consolidating.הערה
T3 380 achieved in July Futuresהערה
Yes Bank is in the overbought phase as suggested by candle structure, stochastics, RSI etc. Levels I am monitoring before going long again are:372/363/356
(July Futures prices)
הערה
Yes Bank has formed a Double Top. Low risk short with SL above recent tops. Targets: 373/365/358עסקה פעילה
Shorted @ 384 (July Futures)העסקה בוטלה באופן ידני
Closed SL hit at 386הערה
Entered Long in July Futuresהערה
Yes Bank has climbed almost 60 points since I posted this analysis. In futures that would be worth just over Rs 1 lakh
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