ON FUND RAISING PLAN YES BANK MAY OPEN UP NEAR THE UPPER RESISTANCE LINE.
CAN IT OVER TAKE THIS RESISTANCE LINE?
SEEMS DOUBTFUL....LET US SEE IF SELL ON NEWS TAKES PLACE OR NOT.
MORE ABOUT YES BANK WILL BE UPDATED AFTER MONDAY
CAN IT OVER TAKE THIS RESISTANCE LINE?
SEEMS DOUBTFUL....LET US SEE IF SELL ON NEWS TAKES PLACE OR NOT.
MORE ABOUT YES BANK WILL BE UPDATED AFTER MONDAY
Comment:
If news is positive it may gap up near resistance line..
Comment:
1)Yes bank has closed below 100 dma and trading above 20 dma.
if yes bank reacts positively and gaps up it will face resistance at 79.10.It is tough for it to cross this and selling may be observed at this price.
2) if the fund raising will be discounted by the market selling may be observed from the beginning.then green support line will act as a support. volatile movement may be observed.
if yes bank reacts positively and gaps up it will face resistance at 79.10.It is tough for it to cross this and selling may be observed at this price.
2) if the fund raising will be discounted by the market selling may be observed from the beginning.then green support line will act as a support. volatile movement may be observed.
Comment:
crucial resistance of yes bank is 79.10 and 86.6
supports are at 61.8, 54.4 and 51.5
supports are at 61.8, 54.4 and 51.5