Yes Bank - Low risk long entry

已更新
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
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Its 12:34 now. Good time to enter long. SL of around 20 points
交易开始
Entered long position
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Writing 320 or 330 Puts might be a good idea
交易开始
Added to long position
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Yes Bank is rising well.
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Immediate target: ~340
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Turning out to be really profitable. Multiple lots in the futures market plus some Put writing @ 330 strike price
交易结束:到达目标
Immediate target reached: 339
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Refer my chart with probability analysis of range levels:
Yes Bank - Probability analysis
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Yes Bank seems to be surviving the generally bearish sentiment of the market
交易开始
Holding long position since 19th June in futures market
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Target 341 in futures market
交易手动结束
Closed for a gain of about 6 points per lot
Head and Shoulders

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