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Tag Archives: Resistance zone

Venkys Stock Price action indicates an overextended Uptrend in weekly chart

Venky’s Stock prices – Focus on the Trend in Weekly Chart

By Trading Predator March 16th, 2018 No Comments

Venky’s Stock prices are trending higher since 2015. Within a matter of 3 years, Share prices climbed from 210 to 4175, that’s more than 500% returns! Despite multiple corrections and retest, share prices managed to make higher highs because of renewed buying interest and momentum of in the stock. Richard Wyckoff would refer these types

Price action retesting after Breakout in Yes Bank

Yes Bank – Downside Breakout, beware of Bull traps

By Trading Predator November 7th, 2017 No Comments

We can Observe a sharp downside breakout in Yes Bank (NSE: YESB) daily chart, market prices retesting near the broken support zone 340 – 350. Top private sector bank stocks took hit after government unveiled PSU recapitalization plans; YES Bank is one of those shares that tumbled right after the announcement. Though it’s not the