'YES' for Yesbank - Long for Target of 300 in Medium Term Long

YES BANKNSE

Description

⋅ Dec 20, 2018 6:56 PM

NSE:YESBANK has generated Bullish wolfewave pattern on a daily chart.

Scripts can be accumulated in cash with keeping stop loss of 160 for a target of 300 in a medium term.

Wave Analysis Wolfe Wave

Comments

nishith1210

⋅ Mar 23, 2019 10:18 AM

Trade closed. Yesbank has reached resistance level.

We will see for the re entry at 180-170 price band again.

PrashantB

⋅ Dec 22, 2018 7:06 AM

in this structure of WW point 3 is not surpassing point 1 which is against the rules of WW

nishith1210

⋅ Dec 22, 2018 3:27 PM

@PrashantB, Totally Agree with you. But I consider this because underlying concept of generating WW Bullish pattern is Bulls tried 2 times (Point 1 and Point 3) and failed so if Volume buying is coming at 5th point then Bears might fade away and price surge fast.