Yes Bank: Is it saying Yes or No?

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It should be noted that the stock is in a medium term bearish mode and the present move could only be a pullback for short term.

The bank retraced 50% of the last bull move and bounced back from there. The stock has been trying to move past the resisting falling trendline. Watch for a break above 1470-75 resistance zone for long. Aggressive trader can look for early entry on lower time frames. The potential target could be around 1500. For stops it all depends how you take the trade and how you manage it.

Any further analysis will be updated here.

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Thanks
Afraidtotrade

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Just ignore the h&s stuff written on top of the chart. Should have been deleted.

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Falling red trend line is the longer term trend line.

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٣ يوليو ٢٠١٧

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