Appointment of new CEO breathed fresh air in to the company. But, the latest news of RBI threatening action against Yes Bank leaves the lit candle in gusts of wind. The hope is bleak but I presume that Yes Bank will come out of this chaos one more time. So, taking a LONG position for 250+ by this month end. Fill that gap.
Comment:
222 is a very good resistance for this week. But expecting it to be breached in a day or two. This week YESBank can close at 240-250 range.
Comment:
Going strong, expecting 350+ in a couple of months.