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Yes Bank Ltd

Discussion in 'Technical Analysis' started by srspriya06, Jan 8, 2013.

  1. srspriya06

    srspriya06 Active Member

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    Yes Bank can be buy at CMP 499. Stop Loss of 489. Target of 508-516.

    Am I Right or Wrong?????
     
    Last edited: Jan 8, 2013
    srspriya06, Jan 8, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Perfect levels.
     
    shabbir, Jan 8, 2013
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  3. srspriya06

    srspriya06 Active Member

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    Thank u shabbir
     
    srspriya06, Jan 8, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jan 8, 2013
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  5. monilhathi

    monilhathi New Member

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    Shabbir, I do not understand on how can we buy the stock around 499 with target of 508-516? Are we talking of exiting the stock in a few days i.e pure trading? The return is less than 5% and according to me this does not provide any ROI unless we are talking of buying in volumes and taking absolute Rupee profits (eg. buy 1000 @499 & sell 1000@ 508, that gives a profit of Rs 9000). Can you please help clarify this? Also, what is the risk allocation here?
     
    monilhathi, Jan 8, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    5% in few trading session is something that is not that bad as it looks.
     
    shabbir, Jan 9, 2013
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