Yes Bank - Low risk long entry
Zaktualizowano
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
Uwaga
Its 12:34 now. Good time to enter long. SL of around 20 pointsZlecenie aktywne
Entered long positionUwaga
Writing 320 or 330 Puts might be a good ideaZlecenie aktywne
Added to long positionUwaga
Yes Bank is rising well.Uwaga
Immediate target: ~340Uwaga
Turning out to be really profitable. Multiple lots in the futures market plus some Put writing @ 330 strike priceTransakcja zamknięta: osiągnięto wyznaczony cel
Immediate target reached: 339Uwaga
Refer my chart with probability analysis of range levels:
Uwaga
Yes Bank seems to be surviving the generally bearish sentiment of the marketZlecenie aktywne
Holding long position since 19th June in futures marketUwaga
Target 341 in futures marketZlecenie zamknięto ręcznie
Closed for a gain of about 6 points per lot
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