The share price will oscillate, but with an upward bias. The price is expected to reach 120-140 lvls with a good time span. The basic problem of funding is solved. Hence the price will settle at 60+.
6fec89129b974f7c87ea65982d95dc
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I have 1020 share holdings of Yes Bank which are follows:
540 x rs74 - rs39960
80 x rs71.8 - rs5744
400 x rs59.05 - rs 23620
Which comes total price of 69324
And average price of 63301.20 and current value of my holding becomes 46767
I am in Loss of 16534
Please let me know, what I need to do. When I can Sell my shares
bijoy2526
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@6fec89129b974f7c87ea65982d95dc, unless it closes above 200 dma I do not think it will rise further.
my analysis is now for present scenario.
reserve bank has imposed locking period for the stock hence floating stocks in the market has decreased.
you have to wait if fortune of the bank revives under rbi.
I think you may not be able to sell whole quantity as locking period is there.
6fec89129b974f7c87ea65982d95dc
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@bijoy2526, Thank you so much for your response. I have purchased the Stock after 13 march i.e. 18 march and 20 march.
I hope i can sell in one take.
Please let me know if possible, do I need to sell all the above rt now.
I am in average loss of approx rs 16,000.
Will the stock go more below.
bijoy2526
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@6fec89129b974f7c87ea65982d95dc, if it breaks the support it may go down.
please wait for monday if it consolidates or comes down.
it seems you can hold for long time I think under rbi yes bank is no longer the old yes bank.
please watch it on monday.