Kishore

YES BANK INSIDE A DESCENDING TRIANGLE WAIT FOR A BREAKOUT!

Long
NSE:YESBANK   YES BANK
14
MARKET ANALYSIS: The market is trading inside a descending triangle pattern. Now if the market reaches the demand zone, we can expect a triangle breakout in the upside. Once the breakout happens the market will start its rally to the next possible major supply zone at the 1718.

Alternate scenario: If the market breaks the triangle support level, the trade will become invalid. So lets see what the market does in the coming days. Cheers!

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