YES BANK LTD
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NSE: Yes Bank Out of Ascending triangle might move for 225+ .

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NSE: Yes Bank Out of Ascending triangle might move for 225+ .
Since Nov 29 till Jan 15, Stock was oscillating between 195 to 146
This has formed Ascending triangle like pattern
195 level was strong resistance that stock has crossed
Possible Long at current level with stop loss around 176 level and target of 225, 246 and above in sight
Time frame looks 4 to 5 weeks.
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Hit the Targets 225 & 245. Keep holding, move your stop loss above 200.
Looks to me 225 is resistance now.
I also have a position in this stock
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Continue to hold for short term. Momentum will continue and price might push higher. Strong long position built up in F&O.
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Might show Swings due to corporate news on resignations.
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Sell off in Yes bank due to Management news of some resignation. For Long term should be used as buying opportunity in this fall whenever it tries to bounce back.
Ghi chú
225 looks to be a nightmare resistance and 170 a strong support. Will have to cross these level to make new highs or lows.
Đóng lệnh: đạt mục tiêu
Moving up with Target hit again.
breakoutFibonacciSupport and ResistanceTrend Linesyesbank

BlackJack

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