Jeevan_Shetty

YesBank (For Long term)

Long
NSE:YESBANK   YES BANK
Yesbank is in the process of forming a right shoulder of the famous Inverse Head and Shoulder Pattern. Risk Averse Investors can wait for the price to break the neckline as mentioned. SL would be the head.

Comments

Hello Jivan,
Any latest view on yes bank?
Reply
I am doubtful Yes bank will be able to close above 55 zone untill and unless investors are not found..The Stock was on a free fall today
Reply
Jeevan_Shetty FoxTrot99
@FoxTrot99, Yes...today entire market was down. Yesbank did manage to hold 50 level today and there was huge volume at that price...Pattern is valid until 45
Reply
@Jeevan_Shetty, 43 now, its only depend on positive news now or we can buy when it breaks the neckline of 75 77.
+1 Reply
Jeevan_Shetty Naveen_ChaturvediCDS
@Naveen_ChaturvediCDS, better to avoid it for now
Reply
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