YesBank: Trade Against the Trend

Yes Bank should be on radar at this stage. Stock is in a short term uptrend. It is not yet confirmed if a new wave has started from 1401 or not. But what can be observed is that the price has been gyrating in a channel and is approaching the supply zone. One can look for a bearish setup in this zone and go short.

Hit like if this analysis is informative. Comments are welcomed.
Trade safe.

Best Regards
Bravetotrade

Kommentera:

Kommentera:

5th still has more juice. As of now channel short setup seems failed.
This wave has been radiating the probability of a fresh wave starting from 1401.

Order avbruten:

Short setup failed. Look for longs only.