YES BANK: CHANNEL BREAKNotes on the chart.
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Yes Bank: A Bearish Crab or What?Please follow your best trading plan to trade this idea.
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Yes BankFundamentals-
1)One of the major private sector banks having less NPS issues.
2)Interest income earned by the bank doubled in last 4 years and profit tripled.
3)Market leader in sales and other sectoral numbers, enjoys a competent premium.
4)Balance sheet Numbers like Operating profit, net sales are improving YoY @>20%
Technicals-
1)Stock is undergoing consolidation and recent government policy of handling NPA would be a big boost.
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> Nomura India Investment Fund Mother Fund holds 51 L shares of this company.(Source-BSE India, Economic times)
Positive News2--> LIC holds 3.8Cr shares of this company.(Source-BSE India, Economic times)
Positive News3-->BIRLA SUN LIFE holds 61Lshares of this company.(Source-BSE India, Economic times)
Positive News4-->RELIANCE CAPITAL TRUSTEE COMPANY holds 48L shares of this company.(Source-BSE India, Economic times)
Positive News5-->Franklin Templeton Investment Funds holds 18 L shares of this company.(Source-BSE India, Economic times)
Positive News6-->HDFC Standard Life Insurance Company Limited holds 43L shares of this company.(Source-BSE India, Economic times)
CMP-1445(15th June'2017)
1st target-2000(12-15 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.
Yes Bank: A Low Risk TradeSetup: Range Play
Rationale: Divergence on Stochastic; demand emerging at the lower end of range
Entry: 1432;
SL: 1424
Target: 1450
Risk capital: 1-2%
Thanks
Yes Bank: Bears seems to be taking overThe price action seems to be following a channel. Today stock touched the upper trendline of the rising channel and faced stiff resistance. It found support @ 1498 level. A decisive break below 1498 may take the stock to 1485. Below 1485 it may go as far as 1460-1470 support zone where some consolidation action can be seen.
Yes Bank: Characteristics of Distribution !!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.
Yes Bank: Price Looking ShakyHave a look at the price action and reluctant move up off the recent lows. Doesn't look like buyers are interested in this stock. Caution is the buzzword until the price clears the recent high of 1,450
yesbank to be in hold position for upside move in long runyes bank now rejecting downside 14 levels and taking major support.
And heavy Net volume is increasing on everydownside levels @ Rs. 14
So upside move is possible to 20-26 levels.
Yes Bank Please refer my last post on yes bank.... The last upmove which I considered as a motive Impulse was actually a corrective Impulse C of wave B of higher degree.... Now the current downside move is fast and looks impulsive so it may be considered as C of Higher degree... According to this it should finish below 12.25 but finish above 12.25 as it is Irregular Correction. Rest it is shown in chart.
YES! YOU CAN SAY IT IS A BREAKOUTYes bank breached a strong horizontal trendline after so long time and gives rounding bottom breakout after a long period of consolidation and downtrend now it is looking strong again, on Bollinger band indicator it gives a breakout on it's upper band of that indicator and volumes are also very encouraging so we can see it could play a strong momentum for upside from here in coming sessions. Happy trading with Trading View.
Yes it can this time around!yes bank target open for 19.50..time limit is 9 march 2022 as it has broken out from a triangle which can also be a sign of trend change (for longer duration investors)....stop loss if price comes back and closes inside the body of the triangle...
Yes Bank, is there a potential reversal on the cards?Another bad boy trying to get out of the doldrums..Yes Bank maybe in the latter part of a triangle pattern that may lead to a reversal..a risky trade, as like vodafone idea...target is 19.50, time to break out would be by 12 jan 2022 and time to reach target be march 23, 2022... Stop loss is price closing below the lower part of the triangle any day...the triangle is still in formation and has high chances of becoming a failure before confirmation so best for non risky traders to await confirmation of a breakout
YES BANK- TO "20+" ??, YES!!!!CHART SUGGESTS THAT THE PRICE MAY MOVE BEYOND 20. STOP LOSS MENTIONED IN THE CHART. LARGE CAP AND MSCI AND DHFL RESOLUTION AND WHAT ELSE...??
Yes bank. Price will reject from this zoneGap will not fill with first attempt. Price have to sustain below the zone.
YES BANK - 10% UPSIDE SEEN!!THE WAY NEWS LIKE RATING UPGRADES AND NOT FOLLOWING THE BANK NIFTY RUN, IT SEEMS SUFFICIENT BIG TIME BUYING IS DONE. AND, THE WAY SEEMS TO BE TOWARDS 15.8 TARGET (COMES TO 10%). STOP LOSS IS THE SUPPORT BLUE LINE WHICH IS DRAWN.
yes bank retracing from the resistanceunable to cross the resistance.
if crosses resistance target 1 possible.
if closes below 20 dma it may fall back to support.
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find my attached recent posts for bank nifty and baj finance.
Yes bank (Long)Yes back on Target 1 (daily candle)
Target 2 ( weekly candle)
Target 3 (monthly candle)
Yes Bank again set targeting lowers.With our new indicator, #yesbank has given another sell signal showing bearish strength.
Prices below as targets are 33.60, 31.05 and 29 (this one on a longer term).
35 acting as resistance to this fall which will invalidate this fall for sometime.
Prices are likely to touch 31 by next month and 29 in coming weeks.
YES BANK BUY FOR LONG TERM INVESTORSNSE:YESBANK The stock is trading in a range which is near a decade's low. Once the bank manages to get a support of good financier, it is not going to stop. Being one of the largest private sector lander, the bank is not going to ashes. So, need to worry is little. It is BUY and ACCUMULATE candidate between 30-35 range for outlook of long term investing.
