YES BANK trading in Make of Break zone
Updated
YES BANK
CMP 191.20
The zone of 191-198 is very crucial for Yes Bank.
Closing above 198 can open doors for target of 208 / 212 / 220
Inability to sustain above 190, then there is a minor support around 186-187 below which can lead to fall up to 182 / 178
Currently we have a neutral stance and will wait for the price action to give some further clues.
You can have a look at our previous coverage & strategy on the stock below for study and understanding purpose.
https://in.tradingview.com/chart/YESBANK/KdmNlrJp-YES-BANK-STRATEGY-for-December-series/
The short strangle strategy that was recommended in the above post worked to perfection with the stock going sideways for the whole month in the range suggested.
If u LIKE the IDEA and find the analysis helpful do HIT the LIKE button and FOLLOW US to get regular updates.
Take care & trade accordingly...!!!
CMP 191.20
The zone of 191-198 is very crucial for Yes Bank.
Closing above 198 can open doors for target of 208 / 212 / 220
Inability to sustain above 190, then there is a minor support around 186-187 below which can lead to fall up to 182 / 178
Currently we have a neutral stance and will wait for the price action to give some further clues.
You can have a look at our previous coverage & strategy on the stock below for study and understanding purpose.
https://in.tradingview.com/chart/YESBANK/KdmNlrJp-YES-BANK-STRATEGY-for-December-series/
The short strangle strategy that was recommended in the above post worked to perfection with the stock going sideways for the whole month in the range suggested.
If u LIKE the IDEA and find the analysis helpful do HIT the LIKE button and FOLLOW US to get regular updates.
Take care & trade accordingly...!!!
Trade active
Yes Bank cmp 192.65
One may consider the following strategy
Sell Yes Bank Jan expiry 210 Call Option
CMP 7
Lot size 1750
Max profit potential Rs 12250 per lot.
The strategy covers risk for a rise in price up to 217 till Jan expiry
Take care & safe trading...!!!
Trade closed: target reached
What happened here... in a matter of minutes Yes Bank after breaking 190 touches 181.50 (achieving its 1st target) and recovers.
Price of 210 call option update fell from 7 to 3.9. Currently trading around 5
take care & happy trading...!!!
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