On Daily Chart
, Yes Bank has formed Morning star candle stick pattern
, Which is considered Bullish
. Additionally Stochastic RSI indicator
is in Over sold region and its signal line has generated Buy signal. Moreover it has crossed & closed above Rs
167 which has served as strong support during previous two fall. It is going to give a good up move if it is able to close 179 ( it would be breakout) .
Declaimer : This analysis is for education purpose only. Consult your financial adviser, If you want to trade.