Wednesday, November 21, 2018

Yesbank wave structure

Yesbank has been in news for all wrong reasons.
The stock chart range got extended by big price moves
slowly the price expansion has started to squeeze in let 
me post chart scenarios we have.


This suggests a fall towards 180-170 levels and reverse up to make a lower top again below 230.A triangular squeeze on.


This suggests a fall towards 180-170 levels and reverse up to make a lower top again below 230.A triangular squeeze on.This further shows a posibility of breaking the lows of (168-164),We would see that when chart matures ,We would get hints.
If we go above 230 levels these counts get negated.

Gist:-  both scenarios suggest if a fall comes towards 180-170 it a good buy with lows sl.

0 comments:

Post a Comment