Bravetotrade

Yes Bank: Will This Breakout Fructify?

לונג
Bravetotrade Mod מעודכן   
NSE:YESBANK   YES BANK
I published Yes Bank long idea yesterday but mistakenly as a private idea. Rectifying my mistake.
It would be interesting to see this idea in a negative market environment.

Regards.
הערה:
For day traders 324-325 could be nice spot to book partial profits.
הערה:
Now we are talking :) New highs.
הערה:
second place to book profit for daytraders 327-329
הערה:
The stock came off the highs but closing is not bad in a negative environment. Hope is still there for the first target.
הערה:
The stock has some event today but the breakout on the chart two days before the event is an indication that something positive might be in the offing. That's why I never trade news bcoz in most cases stocks find their direction a few days before an event.
הערה:

I think we should also consider this beautiful pattern, which is in the making, for intraday fresh entries.
הערה:
I ll consider some buying near 323-324 with SL @ 321 for the day.
הערה:
The sentiment might change from bearish to bullish above 327.20 coz most of the sellers would be stopped out at that level. Whether fresh buying emerges or not is a matter of time but booking some near 328.50-329 would be wiser.
הערה:
First target hit.
הערה:
As expected 327.20 proved to be a sentiment changer.
Holding partial now for second target.
הערה:
Trailing stop 335.50 now.
הערה:
Holding only 1/3 rd position now.
עסקה סגורה: היעד הושג:
Closed at 348.90
הערה:
Thanks guys for ur support.

JJ Singh
Trader/Investor
Moderator, TradingView

🚀Join t.me/jjsingh_2020 ,
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