fcsa

YES BANK - Time to go long

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NSE:YESBANK   YES BANK
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:
トレード稼働中:
Long since 329 (futures July contract)
コメント:
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.
コメント:
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.
コメント:
341 - first target. Still holding. Mine is a positional trade
コメント:
SL for the next few days could be below 327.4 (July contract prices)
Targets: 351/358/365/370/380
コメント:
Highest Open Interest addition is at 330 & 350/360 (spot prices). These could be the basis for setting SL & Targets for Monday 2nd July.
トレード稼働中:
Targets for 2nd July:
T1 = 346
T2 = 351
T3 = 355

(Futures July Contract prices)
トレード稼働中:
Holding long position
手動でトレードを終了しました:
Closed @ 346 futures price. Will re-enter depending on price action
トレード稼働中:
Long again @ 348.5 futures price
コメント:
Target 1 & 2 achieved in futures. Holding long position
トレード終了: 利益確定目標に到達:
Closed @ 258 (futures)
コメント:
Entered long again in futures @ 357
T1= 367
T2= 373
T3= 380/383
トレード稼働中:
T1 367 achieved in futures. Holding long position
トレード稼働中:
Next targets (futures): 369 & 378-381
コメント:
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
トレード稼働中:
Target: 369 (futures) achieved. Holding long position
トレード稼働中:
Yes Bank has broken the highs of Jan & Apr 2018

Target for today: 377 (July futures)
トレード稼働中:
Reduced target to 372
トレード終了: 利益確定目標に到達:
Closed @ 272 (July futures)
26k per lot on multiple lots. Good trade...
コメント:
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.
コメント:
T3 380 achieved in July Futures
コメント:
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)
コメント:
Yes Bank has formed a Double Top. Low risk short with SL above recent tops. Targets: 373/365/358
トレード稼働中:
Shorted @ 384 (July Futures)
手動でトレードを終了しました:
Closed SL hit at 386
コメント:
Entered Long in July Futures
コメント:
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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