Sell Yes Bank


Price action broke below resistance. Enter short.

Target 120.
Stop loss above 185
Trade closed: stop reached
First Target for 30.11.2018 - 140-135 than later on up to Wednesday 05.12.2018 it would be 120-115-110 .. dont try to buy Yes bank share.. Its now only trapped by FII & DII , If any position than exit from share and make short.. Mr. Rana is saying he will be act as Chairman but RBI will not approved as already RBI sanction him for CEO. 13th Dec some outcome can come in positive direction but RBI permission will not come for Mr. Rana to Act as like Chairman.

So have to see next week for more level of Yes Bank for 120-110. Than start good buying for upside. One thing also not in Q3 result will not be good and it must be fall, Than stock again will dip by 15-20% after Q3 results.
HariRamKumar cmaamitgupta
on what factors u r saying 120??
HariRamKumar AayanshMalik
@AayanshMalik, First of all, thank you for questioning. Target is based on support and resistance and historical trend analysis
HariRamKumar HariRamKumar
@AayanshMalik, any more clarification required?
AayanshMalik HariRamKumar
@HariRamKumar, I think it will turn back from 146 support... And touch 200 in Dec
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