Yes Bank - Low risk long entry
تم تحديثه
From what I can see it appears that Yes Bank is in the process of forming an Inverted Head & Shoulders formation.
- 320 &330 Put OI is climbing so that could be a support level
- Yesterday's and today's candles seem to forming a Tweezer Bottom which often results in a rise
- Current price level is near the left shoulder range
- SL is quite tight so low risk long trade
- 320 &330 Put OI is climbing so that could be a support level
- Yesterday's and today's candles seem to forming a Tweezer Bottom which often results in a rise
- Current price level is near the left shoulder range
- SL is quite tight so low risk long trade
ملاحظة
Its 12:34 now. Good time to enter long. SL of around 20 pointsتم فتح الصفقة
Entered long positionملاحظة
Writing 320 or 330 Puts might be a good ideaتم فتح الصفقة
Added to long positionملاحظة
Yes Bank is rising well.ملاحظة
Immediate target: ~340ملاحظة
Turning out to be really profitable. Multiple lots in the futures market plus some Put writing @ 330 strike priceأغلقت الصفقة: تم الوصول للهدف
Immediate target reached: 339ملاحظة
Refer my chart with probability analysis of range levels:
ملاحظة
Yes Bank seems to be surviving the generally bearish sentiment of the marketتم فتح الصفقة
Holding long position since 19th June in futures marketملاحظة
Target 341 in futures marketتم إغلاق الصفقة يدويًا
Closed for a gain of about 6 points per lot
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