Sunandamedi

YES BANK - 10% UPSIDE SEEN!!

Long
Sunandamedi Updated   
NSE:YESBANK   YES BANK
THE WAY NEWS LIKE RATING UPGRADES AND NOT FOLLOWING THE BANK NIFTY RUN, IT SEEMS SUFFICIENT BIG TIME BUYING IS DONE. AND, THE WAY SEEMS TO BE TOWARDS 15.8 TARGET (COMES TO 10%). STOP LOSS IS THE SUPPORT BLUE LINE WHICH IS DRAWN.
Comment:
Bank will be out of ASM by 14th Sep and circuit limit will revise from 5% to 20%. I find this one might be the triggering cause. Also, Voda-Idea outcome from the fund raising plans.

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