Yes Bank - Low risk long entry

已更新
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
註釋
Its 12:34 now. Good time to enter long. SL of around 20 points
交易進行
Entered long position
註釋
Writing 320 or 330 Puts might be a good idea
交易進行
Added to long position
註釋
Yes Bank is rising well.
註釋
Immediate target: ~340
註釋
Turning out to be really profitable. Multiple lots in the futures market plus some Put writing @ 330 strike price
交易結束:目標達成
Immediate target reached: 339
註釋
Refer my chart with probability analysis of range levels:
Yes Bank - Probability analysis
註釋
Yes Bank seems to be surviving the generally bearish sentiment of the market
交易進行
Holding long position since 19th June in futures market
註釋
Target 341 in futures market
手動結束交易
Closed for a gain of about 6 points per lot
Head and Shoulders

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