YES BANK: The Practical Report

Let us simplify money:

Please Note: This blog won’t follow the traditional method of writing reports, it will try and avoid any kind of jargons and terms that experts use. The attempt is to write in a language, that people new to stock trading can also understand.

So if you are expecting what you have always read, you might be disappointed. However, if you read with an open mind, irrespective of how experienced you are, you might take a point or two back with you:

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*Stocks trading BELOW 50 days Simple Moving Average (SMA) is considered to be in a downtrend, similarly, when the stock is trading ABOVE 50 days SMA is considered to be in an uptrend (Every expert might have their way of defining the trend, we follow this strategy)

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YES BANK Chart from 6th  Sep to 7th Oct 2019

YES bank is trading close to its 14 days SMA i.e. 47.45, the stock has to break this level if it intends to continue its journey upwards. 

In the last 30 days, this stock made few attempts to break the 14 days SMA and was trading above the same from 9^th Sep to 17^th Sep 2019, unfortunately, it could not sustain the momentum and was pushed back below the average. 

Since then the stock has not been able to break this level.

1^st Level to watch: Yes bank should go past 47.45 and close above the same.

Once this happens the next hurdle will be the 30 days SMA i.e. 57.15 the stock has to break this level if it intends to continue its journey upwards. 

In the last 30 days, this stock made two attempts to break this level on 11^th and 12^th Sep 2019, unfortunately, it couldn’t sustain and closed below the 30 days SMA.

2^nd Level to watch: Yes bank should go past 57.15 and close above the same.

Last but not least:

50 days SMA is at 67.71, this will act as one of the strongest hurdles for the stock. YES bank went below the 50 days SMA on 26^th Apr 2019 and since then it never got back above this.

Conclusion:

If you are an investor or trader with YES bank this are the levels to look out:

What does this level indicate?

You can either book your profits when the stock comes near the above-mentioned levels or create a new position after the stock breaks any of these levels and closes above the same.

Only way to make money in the stock market is by being DISCIPLINED. If you blindly buy and sell stocks acting on your emotions you will always be at the mercy of the market, believe me, the market is RUTHLESS.

Stop buying stocks based on broker tips and news channel noise. It is your money and it is your responsibility to protect and grow it.

Please Note:

The article intends to teach, please do not take positions based on what you read.

Do your research and talk to your advisor.

Technical knowledge helps in making an entry and exit in the short run, however, wealth is made with time. Invest only that amount which will not pinch you if you make a loss.

During results and any specific news (good and bad), technical indicators do not work.

Even on regular days, there is no guarantee that stock will follow the above-mentioned rules, however, it is better to take an informed position.  

Dear Readers,

This blog is my personal attempt to help you.  If you find this article to be helpful, kindly share it with your near and dear ones.

I would be very glad to hear your feedback, in fact, it will motivate me to continue my journey of, Blog and Teach.

Thanks for reading, I hope you apply some or all the lessons learned and become a better person consistently.

All the best!! 👍👍👍

Cheers 🍹

Intelligent Investor 

Hi,

This article is written by Ms Sushma Nayak. 

I have shared it as a guest blog. Here is a brief note about the writer:

Sushma Nayak:

She is a banking professional with 9 years of experience in handling multiple projects in financial crime compliance and banking operations. The stock market and Dancing is her passion 

She is an MBA from Xavier's Institute of Management and aspires to learn, evolve as a leader while sharing knowledge and happiness around. 

Linkedin Profile https://www.linkedin.com/in/sushma-nayak