YES BANK – Symmetrical Triangle Breakout After Years of Struggle

Yes Bank has been one of the most talked about stocks in India for all the wrong reasons. But the chart is now telling a different story. Since 2021 the stock has been forming a Symmetrical Triangle — lower highs and higher lows slowly converging into a tight range. That's years of consolidation and energy building up silently.

This week the stock broke out of the upper boundary of that triangle with a massive +15.10% candle and 1.05 billion volume — that's an extraordinary volume spike and exactly the kind of confirmation you want on a breakout of this size.

The measured move from this triangle projects a target toward the ₹28–30 zone which also aligns with the previous highs from 2024. That's the first meaningful resistance to watch.
A clean weekly close above ₹23–24 confirms the breakout fully. On the downside ₹18–19 is now the key support — as long as that holds the setup stays valid.

Yes Bank has frustrated traders for years. But sometimes the longest consolidations lead to the strongest moves. 👀