Yesbank has corrected recently and trend reversal is possible.
Historically the stock has always been above 200 Day moving average but in recent correction it went below and today the stock moved above 200 DMA confirming along with RSI and STOCH possible uptrend.
Since it is at critical level strict SL is advised because breaking that will be down side price action.
Long at or above 318 with SL at 315 for T1 331, T2 341 T3 351
Also one can short NOV 350 CE at 9.4 as a hedge or naked depending on the risk appetite
Historically the stock has always been above 200 Day moving average but in recent correction it went below and today the stock moved above 200 DMA confirming along with RSI and STOCH possible uptrend.
Since it is at critical level strict SL is advised because breaking that will be down side price action.
Long at or above 318 with SL at 315 for T1 331, T2 341 T3 351
Also one can short NOV 350 CE at 9.4 as a hedge or naked depending on the risk appetite
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TSL hit CE SHORT active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.