September 08, 2015
Yes Bank (NSE Cash)
BUY
` 635
` 660 - 657
` 702
5-10 sessions
645
645
676
704
Bullish
‘Long Legged Doji’
pattern at 61.8%
retracement
Source: Falcon (Chart time - IST 09.36)
After a relentless fall in the banking conglomerates of late; we are observing ‘Yes Bank’
taking some support around its weekly ’89 EMA’.
A bounce back from the recent low of `595 to `705 precisely retraced by 61.8% and in
addition, yesterday’s daily candle can be called as a ‘Long Logged Doji’ pattern.
Considering the hourly chart and extremely oversold condition of daily momentum
oscillators, we expect a trading bounce in this stock.
Thus, we advise traders to buy this stock from current level to a decline up to ` 657 for a
target of ` 702 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be
kept at ` 635.
September 08, 2015
Yes Bank (NSE Cash)
Last 6 recommendations
Date
Stocks
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
Status
Active
08-09-2015
PNB
BUY
129 - 128
129
140
-
123
Active
04-09-2015
Bajaj Auto
SELL
2200 - 2210
2198
2080
-
2270
Exited @ 1355
02-09-2015
ACC
BUY
1344 - 1338
-
1418
-
1305
Target Achieved
31-08-2015
Divis Lab
BUY
2280 - 2270
-
2400
-
2210
Booked @ 272
28-08-2015
ICICI bank
SELL
287 - 290
-
268
-
299
Active
25-08-2015
TCS
BUY
2585 - 2570
2535
2710
-
2510