Yes bank has formed W patternMomentum divergence with obv and volume increase along with w patern in price is suggesting this.
YESBANK trade ideas
Yes Bank – Harmony Pattern• Yes Bank in process of Completing Harmony Pattern
• Yes Bank is already in Sell Trend, presently it is in small correction and soon it will reach the D Point.
• No action required till it reaches D Point, once it reaches D Point at Key resistance level, it is recommended to short sell @ 68 for a Target of 100% Fibonacci extension @ 51.50 and second target 161 Fibonacci extension @ 44.50.
• Please note that reaching Pattern is strong only when it achieves D Point.
• Approximately the D Point Target will hit on September 12th or 13th of this month.
