YES BANK: The stock has been in news after RJ’s activity in the stock. On the charts we can see a rounding bottom formation on going on the daily chart which is yet to breakout. The RSI though has changed its nature and has move above 60 and now bouncing on it. Once a breakout is registered the stock is expected to rally and move ahead to 95 and even 133 going ahead. A failed breakout will have a coiling effect and the stock may further start to plummet to the lows. . Our “ProRSI moblile trading application has been launched on Play Store and IOS, get high probability trading ideas in equities, futures and options. Download Now.
Couldn't have agreed more. Fundamentally too, the stock is gaining strength by every passing day. Issue of raising capital seems to be getting over. If not all, major troubled accounts are identified. May be one or more bad quarters, the things will start taking shape thereafter. Last but not the least, even with all the turmoil, the brand value is still intact. So yes, it indeed is time to say yes to Yes Bank.