YES Bank: Price action analysis & trading tips
The YES Bank stock has started falling for a long period. If it breaks the consolidation area, it will keep collapsing, and we may see 10 – 9.60 levels soon. It’s under that range from the last 17 days.
But according to price action analysis, it will try to jump up to make a new LH. It can be nearby the 12.15 – 13.5 range. Safe investors can start selling nearby dynamic LH with the stop loss above the hurdle line.
Kotak Bank Has An Explosive Rally Ahead
NSE Kotak Mahindra Bank has started marching upside because it has completed wave ((4)). Its fifth wave will end nearby the retracement of wave ((4)) of 161.8% and sub-wave of (4) of 161.8%. So, long-term investors may hold for the targets of 2345 – 2446 – 2536.
At present, intraday & short-term investors can also jump on this stock. Kotak bank prices may move forward up to 1900 – 1960 – 2056 levels to hit the halfway of wave 5th. Consecutive closing above the level of 1832 is a direct buy signal.
A short reversal is expected at the last target of 2056.
NSE Eicher motors price will drive upward more
Intraday traders and short-term investors can buy nearby sub-wave 4 of wave (3). NSE Eicher motors are making waves ((5)). We may see the following targets soon: 3005 – 3146 – 3223 – 3292
Wave 4 can never exceed the starting point of wave 1. Sub-wave 4 can’t touch sub-wave 1 of wave (3).