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Yes Bank again

Discussion in 'Technical Analysis' started by paulmathewmac, Aug 24, 2012.

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  1. paulmathewmac

    paulmathewmac New Member

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    Is this a trend channel break out in Yes Bank to the downside? (See the attached chart).
     

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    paulmathewmac, Aug 24, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    yes it is but yes bank is in uptrend so consider this only below 340-335 closing.
    Basically it is no trade zone and better to avoid.
     
    sanjay_sansanwal, Aug 25, 2012
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  3. paulmathewmac

    paulmathewmac New Member

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    Thaks, Sanjay. Yes, Both the weekly and the monthly charts too show a well defined uptrend.
     
    paulmathewmac, Aug 25, 2012
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  4. yankeedin

    yankeedin Responder

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    yes bank has broken out

    yes bank has crossed its life time high and already breakout has happened. Good opportunity to buy at cmp.

    min Target = 383 +(383-320) = 446 and max target = 383 + (383-230)= 536. Short term SL 320... Long term SL 230.

    Kindly check the attached chart and share your views.
     

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    yankeedin, Oct 7, 2012
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  5. drsuraimardi

    drsuraimardi New Member

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    Whenever you see a hammer with very long lower tail please don't think for shorting as you can see in yes bank chart.It's very bullish signal.Try to buy this candle at the end of the day and keep stoploss below the tail.And whenever you get the benefit protect it with trailing your stop
     

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    drsuraimardi, Oct 7, 2012
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  6. drsuraimardi

    drsuraimardi New Member

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    in the attached graphed I have typed show by mistake.It is "see".Please bear with me.
     
    drsuraimardi, Oct 7, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Good levels but not sure if you should be having 2 stops for short and long terms.
     
    shabbir, Oct 7, 2012
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  8. yankeedin

    yankeedin Responder

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    ok...then SL should be kept at 320. I assumed that if someone wants to keep this stock in his portfolio for long time(as this is very good stock), they can consider SL of 230, breaking which there is no support till 40.
     
    yankeedin, Oct 7, 2012
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  9. paulmathewmac

    paulmathewmac New Member

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    Thanks a lot. What do you think of the possibility of the slow stochastics crossing down in Yes Bank on Monday or Tuesday? Will it be a safe short or will it not be?
     
    paulmathewmac, Oct 7, 2012
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  10. shabbir

    shabbir Administrator Staff Member

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    I know that but when you enter the stock, you should know before entering your stop and don't change to anything down after you are into the stock.
     
    shabbir, Oct 8, 2012
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  11. yankeedin

    yankeedin Responder

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    Got your point Shabbir. Thanks.
     
    yankeedin, Oct 8, 2012
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  12. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Oct 8, 2012
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  13. yankeedin

    yankeedin Responder

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    yes bank breaks above 400

    Yes bank has started moving up after consolidation and is now at 416.50. Its at life time high. Also trading volumes increased in last 2 days. May go up another 25-30 pts .
     
    yankeedin, Oct 25, 2012
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  14. yankeedin

    yankeedin Responder

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    yes bank hit first target of 446 today
     
    yankeedin, Nov 29, 2012
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  15. paulmathewmac

    paulmathewmac New Member

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    Pretty good! Last week I'd almost (wrongly) concluded the uptrend was over!
    I wish I knew how to anticipate such price moves!
    To me, now TCS looks as if it is beginning a short term down trend. Any takers?
     
    paulmathewmac, Nov 29, 2012
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  16. shabbir

    shabbir Administrator Staff Member

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    No unless it cracks 1250
     
    shabbir, Nov 30, 2012
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