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
- 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
評論:
Its 12:34 now. Good time to enter long. SL of around 20 points
交易進行:
Entered long position
評論:
Writing 320 or 330 Puts might be a good idea
交易進行:
Added to long position
評論:
Yes Bank is rising well.
評論:
Immediate target: ~340
評論:
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
評論:
Refer my chart with probability analysis of range levels:
評論:
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
評論:
Target 341 in futures market
手動結束交易:
Closed for a gain of about 6 points per lot