About Me

My photo
NISM Certified Research Analyst & Mutual Fund Distributor.

Thursday 30 April 2015

Yes Bank Ltd. - Three White Soldiers Canlestick Pattern.








The counter after retracing from its all time high levels found support around 780 levels. It formed a doji around the said level and commenced its upward journey. The counter managed to close above its short term moving averages. It seems that the counter has formed a Three White Soldiers Candlestick Pattern on a a daily chart. The counter has a gap area around 805 levels which might act as a strong support in a near term. With other technical indicators looking quite bullish further upside from here can't be ruled out. Traders can bet on the counter 839 SL 805 TGT 900-920 in a medium short term.