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Yes Bank: Characteristics of Distribution !!

Short
NSE:YESBANK   YES BANK
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5
Price has spiked above the highs and immediately scales back into the range. Volumes higher at the spike too. Am inclined to believe that this could be a probably distribution !! Let's wait for more confirmation.

A quick selling pressure or a series of red wide ranged bars will strengthen the case for distribution.

Comments

Sir, i think its facing heavy resistance at 1450 zone.. should be distribution..
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