YES Bank Breakout Alert
YES Bank has recently shown a strong breakout supported by high trading volume, following news that Japan's Sumitomo Mitsui Banking Corporation has received RBI approval to acquire a 51% stake in the bank.
From a technical standpoint, the chart structure indicates a bullish trend on higher time frames. If this breakout holds as genuine, the stock has the potential to test ₹22.50 and ₹28 levels in the near term — representing an upside of approximately 40% from current levels.
YES Bank has recently shown a strong breakout supported by high trading volume, following news that Japan's Sumitomo Mitsui Banking Corporation has received RBI approval to acquire a 51% stake in the bank.
From a technical standpoint, the chart structure indicates a bullish trend on higher time frames. If this breakout holds as genuine, the stock has the potential to test ₹22.50 and ₹28 levels in the near term — representing an upside of approximately 40% from current levels.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.