Yes Bank - Low risk long entry

13 Haz 2018

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

13 Haz 2018

Not

Its 12:34 now. Good time to enter long. SL of around 20 points

13 Haz 2018

İşlem aktif

Entered long position

13 Haz 2018

Not

Writing 320 or 330 Puts might be a good idea

14 Haz 2018

İşlem aktif

Added to long position

14 Haz 2018

Not

Yes Bank is rising well.

14 Haz 2018

Not

Immediate target: ~340

14 Haz 2018

Not

Turning out to be really profitable. Multiple lots in the futures market plus some Put writing @ 330 strike price

14 Haz 2018

İşlem kapandı: hedefe ulaştı

Immediate target reached: 339

14 Haz 2018

Not

Refer my chart with probability analysis of range levels:

19 Haz 2018

Not

Yes Bank seems to be surviving the generally bearish sentiment of the market

20 Haz 2018

İşlem aktif

Holding long position since 19th June in futures market

20 Haz 2018

Not

Target 341 in futures market

20 Haz 2018

İşlem elle kapatılmış

Closed for a gain of about 6 points per lot