YES BANK : Quarterly Results Today.
Lets Play a fun Game here :
I have a clue : Guys Please give in your inputs , what can happen Next , Why it will happen , Best Odds to trade,Trade plan for today for Yes Bank , etc....
Only Hint I am giving here is :
SS
YES: Closed high above 5MA. oversold. Should fall.
ReplyDeleteBut Positive vibes w.r.t. Q3 results.
So not sure.
ZXC
DeleteP.S. : Correct if wrong.
Thanks ZXC for your inputs.
ReplyDeleteAccording to me :
Its a perfect bull scenario , trading above 5 ema , prices breached the trading channel and gave close above it . MACD going positive like anything...(RSI is the least considered factor for me).....
If you ask anyone , LONG is the trade with upper channel boundary SL.
But Alexander Elder quotes : Breaking a long term channel is NOT so easy. The PERFECT trading opportunity for a trader is when prices breakout/down a channel and fall again into it.
So My Play will be NOT in long side. I will wait for the prices to again fall into the channel. If they do so (luckily) , lower end of the channel is the NEXT TARGET. Its such a confident trade that If I get a chance , I might hold the positions for couple of days.
But a PERFECT TRADER would wait for prices to fall into the channel before whipping his sword .
SS