YES Bank Above 200 DMA -Trend Reversal?
Action till date (Daily Tf) - YES Bank has successfully given a breakout above 200 DMA on the daily time frame for the first time since 27.03.2019. If we go by the book, closing above 200 DMA signal trend reversal in the stock. We will have to look if the stock sustains above the same for further and decisive confirmation. For swing trading opportunities, below will be the important levels to watch out for
Upside - Any long position should be made above the level of 15.05 on a daily closing basis
T1 - 16.85
T2 - 19.00
SL - 13.00 (On a daily closing basis)
Downside - Any short position should be made below the level of 13.00 on a daily closing basis
T1 - 11.25
T2 - 10.70
SL - 13.50 (on a daily closing basis)
Do consider following the account if you feel the content delivered value to you :)
Upside - Any long position should be made above the level of 15.05 on a daily closing basis
T1 - 16.85
T2 - 19.00
SL - 13.00 (On a daily closing basis)
Downside - Any short position should be made below the level of 13.00 on a daily closing basis
T1 - 11.25
T2 - 10.70
SL - 13.50 (on a daily closing basis)
Do consider following the account if you feel the content delivered value to you :)
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