TRADE IDEA ON YESBANK

FOR LIVE MARKET CALLS PING ME

ON 09039542248

BUY YESBANK ABOVE 1490 TGT 1520/1535 SL 1460

YESBANK is in bull run and is forming continuation pattern in short term charts, it is likely to show correction with the breach of the support level of 1450, where one may initiate the short position in it for the targets of 1430,1410. while stop loss can be placed at 1490.   Primary trend of the YESBANK is bullish and if it will able to sustain above  MONTHLY PIVOT POINT, then it will forming continuation pattern ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 58, one may expect the BUYING ABOVE 1490 and targets of 1520/1535 in YESBANK  if it manages to sustain above the immediate support level of 1450 .first resistance level seen on charts at 1535.

DAILY CHART FOR YESBANK