Yes Bank - Low risk long entry
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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
Nota
Its 12:34 now. Good time to enter long. SL of around 20 pointsDagangan aktif
Entered long positionNota
Writing 320 or 330 Puts might be a good ideaDagangan aktif
Added to long positionNota
Yes Bank is rising well.Nota
Immediate target: ~340Nota
Turning out to be really profitable. Multiple lots in the futures market plus some Put writing @ 330 strike priceDagangan ditutup: sasaran tercapai
Immediate target reached: 339Nota
Refer my chart with probability analysis of range levels:
Nota
Yes Bank seems to be surviving the generally bearish sentiment of the marketDagangan aktif
Holding long position since 19th June in futures marketNota
Target 341 in futures marketDagangan ditutup secara manual
Closed for a gain of about 6 points per lot
Penafian
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