Wednesday, November 4, 2015

TECHNICAL ANALYSIS FOR YESBANK

FUTURE :
“BULLISH YESBANK ABOVE 786 TGT  792/798”
“BEARISH YESBANK BELOW 783 TGT 778/772”
DAILY CHAT FOR YESBANK
DAILY& WEEKLY SUPPORT AND RESISTANCE FOR YESBANK
YESBANK levels generated based on 2015-11-04 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
Level
803
795
790
787
784
781
778
775
772
767
759
YESBANK Weekly levels generated for the week starting from 2015-11-02
Weekly
R4
R3
R2
R1
REV
BULL
LOC
BEAR
REV
S1
S2
S3
S4
Levels
819
808
792
781
768
765
761
758
754
741
731
721
714
DAILY CANDLESTICK PATTERN :INVERTED UMBRELLA
The Inverted Umbrella indicates that buyers dominated trading and they were able to drive prices higher during the day. However, sellers resurfaced by the end of the day and pushed prices back to the opening price level and to the day’s low.
The Inverted Umbrella has the potential to point out evidence for buying pressure and indicate a potential bullish reversal if it appears after a long downtrend, long black candlestick or if it is seen at a support level. Likewise it may show a failed rally and indicate a potential bearish reversal if it appears after a long uptrend, long white candlestick or if it is seen at a resistance level. Bearish or bullish confirmation is required in both situations.
TOP GAINERS AND LOSERS ARE:
Top Gainers: 
TATA MOTORS (5.7%), M&M (1.6%), COAL INDIA (1.3%), HERO MOTOCORP (1.1%), SBI (1.1%)
Top Losers:
GAIL (2.3%), ICICI BANK (1.8%), SUN PHARMA (1.4%), RELIANCE IND. (0.9%), CIPLA (0.8%)



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