forextidings

YesBank- Is there a Possibility Of a Skyfall?

Short
NSE:YESBANK   YES BANK

The Yes bank is currently moving sideways by taking the support of 50% retracement of Fibonacci. ADX is less than 25, which indicates a fall, but +DI is above -DI means uptrend. I have applied the moving average, which shows the fall, too.

If the trend falls and crosses 17.60, then the targets are following 17.30 - 17.00 - 16.70 - 15.40. And if yes bank breaks the 50% level upside and breaks 19.00, then the target will be 19.30 - 19.50 - 19.90 - 21.75. Otherwise, it continues to move sideways.