YesBank - Bearish Flag Pattern in Progress

26 ביוני 2017

It is been observed on the Daily Chart that the price action is forming a bearish flag pattern, which indicates the continuation of the trend. In this situation, the price action is trending down prior forming flag pattern and now once it formed and breaks below it, indicating further weakness ahead.

Target 1: 1400

Target 2: 1375

Stoploss: 1470

27 ביוני 2017

עסקה פעילה

After a gap up opening, it has started to slide down.

28 ביוני 2017

עסקה סגורה: היעד הושג

Target 1 was met yesterday as well as Today at opening.

Now, if it continues to hold below 1470 levels then we may see Target 2 coming, and once it breaks above the 1470 levels then there will be a trend change.