YES BANK: MARKET ANALYSIS (RETAIL)
MARKET STATUS: RELAIL ANALYSIS
1. The market has been making a triangular pattern
2. when it breaks out on the long side then you can go long
note:
a) but I would not personally go long there, because that is where most of the people, go long too.
b) So the institutions and the banks too know that
c) So that might sell heavily there and trap the people who went long
3. So the best place to buy is to buy at the trendline on the downside which acts as the support
1. The market has been making a triangular pattern
2. when it breaks out on the long side then you can go long
note:
a) but I would not personally go long there, because that is where most of the people, go long too.
b) So the institutions and the banks too know that
c) So that might sell heavily there and trap the people who went long
3. So the best place to buy is to buy at the trendline on the downside which acts as the support
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