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Long

#YESBANK - Consolidation breakout/50 SMA Resistance

NSE:YESBANK   YES BANK
YESBANK has a strong resistance around 318. The stock consolidated in a 20-point range after fall from 52-week high. Looks like it has made base around 300-305 and is on the verge of breakout above 318. Stock is also near 50 SMA which will act as a resistance & if it manages to close above it, then it will likely resume uptrend.
What if i say pattern looks like a bearish pennant?
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