NeeteshJain

Yesbank - Trendline Breakout

Long
NeeteshJain Pro+ Updated   
NSE:YESBANK   YES BANK
It has been observed that the price action breaks out above the 6 months trendline and confirmed the breakout by re-testing of trendline by forming a bullish candlestick . The breakout is also confirmed by the RSI Bullish Divergence . Therefore, price action is expected to go further up from here on. T1-17.5, SL 14

Comment: Yes, the stop loss got hit in the recent fall in the market. But I still feel 13.25 can play a good support as the stock has potential to further move up due to its previous strong breakout above the trendline.

Comment: Note: The price action is still bullish until it makes new lower low by going below 13.
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