YesBank - The long term Silence May Be Ending

YESBANK
YES BANK — The 714-Day Silence May Be Ending | Structure Breakout Underway?
Every chart has a story.
Some stories are short-term moves.
Some are long-term battles between supply and demand.
YES BANK appears to be approaching an important chapter after a prolonged accumulation phase. For nearly two years, YES BANK remained trapped under a major resistance zone around ₹24–25.
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The Hidden Structure:
Multiple attempts failed as sellers defended this area.
But recently, price has started showing a different character:
✅ Higher High formation
✅ Higher Low structure
✅ Price above major EMAs
✅ Increasing participation during breakout attempt
The market structure is gradually shifting from accumulation → possible markup phase.
The current chart setup shows:
📌 EMA Alignment : Price > EMA 20 > EMA 50 > EMA 100 > EMA 200
A healthy bullish alignment suggesting improving trend strength.
📌 Breakout Zone:
The important level: ₹24.30–25.60
This zone represents the previous supply area where sellers dominated for months.
A sustained move above this region could indicate that old supply is getting absorbed.
The recent breakout attempt is supported by increased volume participation.
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Important Levels To Watch

Bullish Scenario
Above ₹25.60 with strong participation:
Possible zones:
🎯 ₹28
🎯 ₹32–33

Healthy Retest Scenario
A pullback towards:
₹24.30–24.60
and successful support formation may provide a better risk-defined structure.

Invalidation Zone
A breakdown below:
₹22.30
would weaken the current bullish structure and indicate that breakout momentum has failed.
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⚠️ Disclaimer: I am not a SEBI-registered analyst. This idea is shared purely for educational purposes and technical analysis study, not investment advise. Please do your own due diligence before entering any trade.