YesBank- Is W-Wave@1259-The Villain for the Bank
Well From the last update- As per the expectation- (b) looks to complete at 1305 & On Account of surgical operations on expiry day-29thSep2016- Yes Bank Melted from tops of 1305 to 1211- could be the start of down move & part of (c)-wave but its too premature to say anything at the moment.
It will likely be clear once it starts falling below swing low@1241. Will w-wave@1259 -an internal wave within (b)-wave be the villain for Yes Bank- Time will let us know.
What I will be looking in monday's session is the iv-th wave in (a)-wave1256 & w-wave top@1259 & current rally to the zone 1256-1259 from 1211 lows all could form the supply zone- if it starts falling below 1241- Oh, I will be more happy- Then surely I will look for selling opportunities.
Regards,
Abhishek H. Singh, CMT
It will likely be clear once it starts falling below swing low@1241. Will w-wave@1259 -an internal wave within (b)-wave be the villain for Yes Bank- Time will let us know.
What I will be looking in monday's session is the iv-th wave in (a)-wave1256 & w-wave top@1259 & current rally to the zone 1256-1259 from 1211 lows all could form the supply zone- if it starts falling below 1241- Oh, I will be more happy- Then surely I will look for selling opportunities.
Regards,
Abhishek H. Singh, CMT
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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