YES BANK SEARCHING FOR DIRECTION
NR4 DAY FOR YES BANK
CLOSES BELOW 20 DMA AND TWO TREND LINES
UNABLE TO CROSS 100 DMA IN TWO ATTEMPTS.
DEVELOPING HEAD AND SHOULDER PATTERN WHOSE BASE LINE MAY ACT AS SUPPORT INITIALLY.
INCASE OF ANY POSITIVE NEWS THIS TIME IT MAY TAKE OUT THE 100 DMA TO REACH RESISTANCE LINE ABOVE.
HOWEVER IF NO NEWS IS THERE IF MAY DECLINE TO THE LEVELS AS MENTIONED IN THE CHART.
TRADERS MUST TAKE POSITION WITH PROPER STOP LOSSES.
CLOSES BELOW 20 DMA AND TWO TREND LINES
UNABLE TO CROSS 100 DMA IN TWO ATTEMPTS.
DEVELOPING HEAD AND SHOULDER PATTERN WHOSE BASE LINE MAY ACT AS SUPPORT INITIALLY.
INCASE OF ANY POSITIVE NEWS THIS TIME IT MAY TAKE OUT THE 100 DMA TO REACH RESISTANCE LINE ABOVE.
HOWEVER IF NO NEWS IS THERE IF MAY DECLINE TO THE LEVELS AS MENTIONED IN THE CHART.
TRADERS MUST TAKE POSITION WITH PROPER STOP LOSSES.
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