YES BANK FORMING ASCENDING TRIANGLE

SWING TRADE IDEA FOR 13 TH OCT. 2016

YES BANK HAS FORMED  AN ASCENDING TRIANGLE ON DAILY CHARTS WHICH CAN BE BETTER LOOKED ON HOURLY CHARTS WHICH REPRESENTS THE HEAD AND SHOULDER PATTERN . ALREADY GIVEN A BREAKOUT ABOVE 1270 LEVELS ..MOREOVER , SHORT COVERING ALSO OBSERVE IN DERIVATIVE SEGMENT DURING THE FORMATION.

SO FROM HEREBUY YES BANK AROUND 1280 WITH STRICT STOP LOSS AT OR BELOW 1250 FOR THETARGET OF 1330 AND 1370..

REMEMBERITS A SWING TRADE SO TARGETS MAY  BE REACHED IN A SHORT TIME HORIZON.

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