Yesbank has been struggling with the bears from poor results. Seems like a good gains from range of 125-30. (Aiming for 300-310 if hold on technicals).
current rend - Downtrend/bearish
RSI oversold on till daily charts.
Consider fundamentals and enter with confirmations.
This Chart was prepared at the start of 2019 when I started trading futures on Yes bank and saw a particular pattern which played that no matter what, the stock respects the MAJOR S/D levels.
Apart from that, fundamentally, the company`s quarterly results were the cause for the major plummet from mid 200 to the current levels and prior to that the push was...
It is observed that after a impulse wave pattern, the stock is trying to make a bearish flag pattern on daily charts. Sell the stock on lower trend line break on retacement for the mentioned levels. Also mentioned in the Charts are the possible price action . one can also initiate a sell on the stock at higher levels( sell zone ) on some kind of a reversal...
TCS is trading in a channel and is near its short term support. The targets and sl will be:
Time frame for the 1st two targets are short whereas last 2 targets can take 1-2 months to reach. Long term chart movement shows that TCS is a BUY call
Hello fellow traders !!!
i am sharing with you one of my personal charts. There is a saying " Plan your trades & then trade your plans ".
Today i am just sharing with you my trading plan & the thought process behind it when i took the short trade in ceat @ 1310.
(1) The stock was in a clear down trend.
(2) The price got rejected from the sell zone marked on...