Yes Bank - Low risk long entry
מעודכן
From what I can see it appears that Yes Bank is in the process of forming an Inverted Head & Shoulders formation.
- 320 &330 Put OI is climbing so that could be a support level
- Yesterday's and today's candles seem to forming a Tweezer Bottom which often results in a rise
- Current price level is near the left shoulder range
- SL is quite tight so low risk long trade
- 320 &330 Put OI is climbing so that could be a support level
- Yesterday's and today's candles seem to forming a Tweezer Bottom which often results in a rise
- Current price level is near the left shoulder range
- SL is quite tight so low risk long trade
הערה
Its 12:34 now. Good time to enter long. SL of around 20 pointsעסקה פעילה
Entered long positionהערה
Writing 320 or 330 Puts might be a good ideaעסקה פעילה
Added to long positionהערה
Yes Bank is rising well.הערה
Immediate target: ~340הערה
Turning out to be really profitable. Multiple lots in the futures market plus some Put writing @ 330 strike priceעסקה סגורה: היעד הושג
Immediate target reached: 339הערה
Refer my chart with probability analysis of range levels:
הערה
Yes Bank seems to be surviving the generally bearish sentiment of the marketעסקה פעילה
Holding long position since 19th June in futures marketהערה
Target 341 in futures marketהעסקה בוטלה באופן ידני
Closed for a gain of about 6 points per lot
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