YES BANK - Time to go long
تم تحديثه
Good time to go long for a positional trade. SL below 325 on closing basis. Then just wait for a surge up. Targets could be 341/351/365/370 etc (futures prices July contract).
- Yes has been taking support at the 100 MA for the past 4-5 weeks.
- Stochastics look good.
- MACD (daily chart) showing signs of a bullish crossover
- Inverted Head & Shoulder formation still valid with price at the shoulder currently. Neckline is at about 370 (futures price July contract)
Ref to:
- Yes has been taking support at the 100 MA for the past 4-5 weeks.
- Stochastics look good.
- MACD (daily chart) showing signs of a bullish crossover
- Inverted Head & Shoulder formation still valid with price at the shoulder currently. Neckline is at about 370 (futures price July contract)
Ref to:
تم فتح الصفقة
Long since 329 (futures July contract)ملاحظة
I have been looking closely at Yes Bank for about 2-3 weeks now and am building up long positions in the spot and futures markets.ملاحظة
Yes Bank is moving beautifully. Someone who went long the moment I posted would be making about 7000 profit in the futures market. My long positions in spot and futures are working out very well.ملاحظة
341 - first target. Still holding. Mine is a positional tradeملاحظة
SL for the next few days could be below 327.4 (July contract prices)Targets: 351/358/365/370/380
ملاحظة
Highest Open Interest addition is at 330 & 350/360 (spot prices). These could be the basis for setting SL & Targets for Monday 2nd July.تم فتح الصفقة
Targets for 2nd July:T1 = 346
T2 = 351
T3 = 355
(Futures July Contract prices)
تم فتح الصفقة
Holding long positionتم إغلاق الصفقة يدويًا
Closed @ 346 futures price. Will re-enter depending on price actionتم فتح الصفقة
Long again @ 348.5 futures priceملاحظة
Target 1 & 2 achieved in futures. Holding long positionأغلقت الصفقة: تم الوصول للهدف
Closed @ 258 (futures)ملاحظة
Entered long again in futures @ 357T1= 367
T2= 373
T3= 380/383
تم فتح الصفقة
T1 367 achieved in futures. Holding long positionتم فتح الصفقة
Next targets (futures): 369 & 378-381ملاحظة
Highest Call OI: 380 (spot)Highest Call OI Additions: 390
Highest Put OI: 340
Highest Put OI Additions: 350 followed by 360
These (spot prices) could form the basis of SL/Targets going forward
تم فتح الصفقة
Target: 369 (futures) achieved. Holding long positionتم فتح الصفقة
Yes Bank has broken the highs of Jan & Apr 2018Target for today: 377 (July futures)
تم فتح الصفقة
Reduced target to 372أغلقت الصفقة: تم الوصول للهدف
Closed @ 272 (July futures)26k per lot on multiple lots. Good trade...
ملاحظة
I never ride momentum. I prefer positional trading at the tops and bottoms of trends. In Yes Bank one rode almost 30 points since June 28th. That's about 50k per futures lot. And I trade in more than one lot if I am convinced about my analysis and the actual price action. Feels good to have caught the trend when it was still consolidating.ملاحظة
T3 380 achieved in July Futuresملاحظة
Yes Bank is in the overbought phase as suggested by candle structure, stochastics, RSI etc. Levels I am monitoring before going long again are:372/363/356
(July Futures prices)
ملاحظة
Yes Bank has formed a Double Top. Low risk short with SL above recent tops. Targets: 373/365/358تم فتح الصفقة
Shorted @ 384 (July Futures)تم إغلاق الصفقة يدويًا
Closed SL hit at 386ملاحظة
Entered Long in July Futuresملاحظة
Yes Bank has climbed almost 60 points since I posted this analysis. In futures that would be worth just over Rs 1 lakh
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