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