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) .
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Declaimer : This analysis is for education purpose only. Consult your financial adviser, If you want to trade.
Please comment.
Declaimer : This analysis is for education purpose only. Consult your financial adviser, If you want to trade.