elvarsan
Long

YESBANK - Harmonics Pattern

NSE:YESBANK   YES BANK
Investment Long Term: 3-5 Years

Buy: 7.50 - 28.75
Stoploss: 5.00 (on daily closing basis)
Target 1: 112.75
Target 2: 178.90

Comments

Hi all, please assist me ,I have bought 10,000 shares on yesbank for an average of 26.8. will the share price raise...
+3 Reply
KausthubRao Vignesh1606
@Vignesh1606, not any time soon, will take some time. May be stock will be around that price for long because it has poor loan turnover ratio, current ratio, cash flow, everything is against the liquidity; which is what needed in this crisis time. If Yes bank cannot manage to somehow mange to increase cash flow and liquidity, I afraid to say that the company many not last long. Patterns don't work on for years, they just tell right time to enter and exit. Fundamental analysis is what make the stock future grow. This is my analysis and only for education purpose and do give you some advise, investment and final decision at your own risk.
+1 Reply
KausthubRao KausthubRao
@KausthubRao, @Vignesh1606, not any time soon, will take some time. May be stock will be around that price for long because it has poor loan turnover ratio, current ratio, cash flow, everything is against the liquidity; which is what needed in this crisis time. If Yes bank cannot manage to somehow mange to increase cash flow and liquidity, I afraid to say that the company many not last long. Patterns don't work on for years or not the best option to look at for long, they just tell right time to enter and exit. If the patterns were so strong, just think about why the stock has fell from 400 to 20 now. Fundamental analysis is what make the stock future grow. This is my analysis and for education purpose and give you some advise as you asked, investment and final decision at your own risk.
Reply
elvarsan KausthubRao
@KausthubRao, keep it simple, invest for long term. You will benefit
Reply
KausthubRao elvarsan
@elvarsan, Yes this is definitely the stock I going to invest for future, if the stock comes down around 7. because the stock has touched 5 many times, so I would have very minimal risk and high return. This stock is just gambling, buy the stock for really low, if it increases, it will by 10 times or more, or you will loose everything.
Reply
Ritz777 Vignesh1606
@Vignesh1606, you can add 10 more thousand as follow the chart low risk and high returns,
Reply
elvarsan Ritz777
@Ritz777, Yes
Reply
elvarsan Vignesh1606
@Vignesh1606, Buy more quantity if it comes around 10.
Reply
You think it can go down below 12? wait for below 10 to buy instead of FPO?
Reply
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