Breaking News that YESBANK BANKRUPT.
What should YESBANK shareholders do now??
1. Don't PANIC
2. Don't SELL
3. Be Patient, Your time will come
What should investors do??
When to Exit??
As per my analysis, at least a short term to level 40-45 will happen where one can choose to exit.
For more updates, follow me here.
I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
Here are some exit levels in INR (29, 48 and 79). Don't just exit at these levels. Wait for how the market responds to these levels. When you see substantial rejection respecting these levels, exit. If I were you, I will choose to exit some position at INR 48 and all my positions at INR 79. And, I will buy back again at INR 16 (current price).
Keep calm and don't look at your portfolio value right now.