Experts... Another example of Yes Bank... Please note that I am not mentioning this example to criticize this system... But rather to understand from experts how to avoid false setup....
TD 9 Buy Setup completed on 15 June. CD13 on 30th Aug. Intersection also done CD13 vs CD8. But still the Yes bank keeps on failing from 31 Aug.
Now i understand Buy needs to be done once close is above open which is not on 31 Aug but 5 sep. Even if one looks to buy on 5th Sep there is only further fall.
Even another Buy setup on 5th Sep but its true range is more than 1.618 times from Buy setup 1, So Buy setup1 shall continue.
Is it false setup.......Or I am missing something ? How one shall avoid such false alarms ?
TD 9 Buy Setup completed on 15 June. CD13 on 30th Aug. Intersection also done CD13 vs CD8. But still the Yes bank keeps on failing from 31 Aug.
Now i understand Buy needs to be done once close is above open which is not on 31 Aug but 5 sep. Even if one looks to buy on 5th Sep there is only further fall.
Even another Buy setup on 5th Sep but its true range is more than 1.618 times from Buy setup 1, So Buy setup1 shall continue.
Is it false setup.......Or I am missing something ? How one shall avoid such false alarms ?
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