Yes Bank - Low risk long entry

13 июн. 2018 г.

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

13 июн. 2018 г.

Заметка

Its 12:34 now. Good time to enter long. SL of around 20 points

13 июн. 2018 г.

Сделка активна

Entered long position

13 июн. 2018 г.

Заметка

Writing 320 or 330 Puts might be a good idea

14 июн. 2018 г.

Сделка активна

Added to long position

14 июн. 2018 г.

Заметка

Yes Bank is rising well.

14 июн. 2018 г.

Заметка

Immediate target: ~340

14 июн. 2018 г.

Заметка

Turning out to be really profitable. Multiple lots in the futures market plus some Put writing @ 330 strike price

14 июн. 2018 г.

Сделка закрыта: достигнута тейк-профит цена

Immediate target reached: 339

14 июн. 2018 г.

Заметка

Refer my chart with probability analysis of range levels:

19 июн. 2018 г.

Заметка

Yes Bank seems to be surviving the generally bearish sentiment of the market

20 июн. 2018 г.

Сделка активна

Holding long position since 19th June in futures market

20 июн. 2018 г.

Заметка

Target 341 in futures market

20 июн. 2018 г.

Сделка закрыта вручную

Closed for a gain of about 6 points per lot