Update on #YESBANK The company has recently released its results and the results are outstanding with net profit rising 145 percent. I expect a strong rally with bullish momentum from here as we have filled the FVG between 17.5 to 19.5 and due to the strong financial result we could see serious bullish momentum take over. I had shared 3 entries at ₹23, ₹20 and ₹19.5 . All three of your entries should now be active.
These entries were perfectly timed with the result of yes bank and correction in nifty . I believe we will reach the three targets that I had mentioned within 4 to 5 years from here now.
Target prices ₹93, ₹120 and 280, check out my earlier post on Yes bank for more information about the company's fundamentals and technical.
Yesbank
BOB | Trendline Bull Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Triangle Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Target
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✍️COMMENT Below your view !
Yes Bank cmp 23 by Weekly Chart viewYes Bank cmp 23 by Weekly Chart view
- Support Zone at 21 to 22.50 Price Band
- Old Daily Chart Gap Down Opening of January 2023 has been filled
- Weekly basis Support at 20 > 16 > 11 with Resistance at 27 > 32 > 37
- *Recent Daily Chart Gap Down Opening of July 2024 will need to be filled, sooner or later*
- *Stock Price is sustaining above Support Zone but Volumes suggestive of probable breakdown if the Support Zone is crossed*
YES Bank - SIP System InvestmentYes bank is good to buy on SIP based system.
Market Cap: ₹ 80,940 Cr.
Promoter holding: 0.00 %
FII holding: 28.4 %
DII holding: 38.1 %
Public holding: 33.5 %
Promotors holding is 0% now but majority of Stocks on DII has and DII are's most of banks and insurance companies. Once these company hold for the long time and stock rises. Promoters will be interested to buy this stock.
SWING IDEA - YES BANKYes Bank stock presents a compelling opportunity for a swing trade, supported by strong technical indicators:
Reasons are listed below :
Multiple tests at the 21 levels culminated in a decisive breakout.
A significant marubozu candle on the weekly timeframe signals bullish momentum.
The breakout was accompanied by a notable increase in trading volumes.
Ongoing formation of higher highs indicates a sustained upward trend.
Positive positioning, as the price is trading above both the 50 and 200-day Exponential Moving Averages (EMA), reflecting momentum strength.
Target - 30 // 49
StopLoss - weekly close below 20.85
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@visionary.growth.insights
Breakout in Yes Bank Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Investment_ Yes BankNamaste!
Yes Bank has been a favourite stock for retail public. Due to it's penny price, it attracts a lot of retail attention.
I think it is a good time to invest in Yes Bank because of following reasons.
1. According to me, any retail person will think of Yes Bank and Idea, if he has given a choice to buy some large-cap stocks. Generally, businesses like telecom, aviation, manufacturing, automobile, etc hasn't been a good wealth creators , just look at the history.
Whereas, pharma, banks and financial institutions, services (IT) and technology, etc has been very good wealth creators. So Idea being a telecom company, it is to be avoided for now. So we have only one choice left, that is Yes Bank.
2. Yes Bank suffered a huge huge downfall in the stock prices, when a fraud of around Rs 5000 crores has been reported. The promoters provided loans to the businesses, which had weak fundamentals and without determining repayment risks.
3. RBI doesn't want people to doubt on banking system , so it ordered (SBIN and LICI on behalf of the government) and others (HDFC, ICICI) etc to save the Yes Bank. Now SBIN is the largest shareholder with 30% holding in Yes Bank.
4. Banks has been a good wealth creators, thanks to booming economy and financial system of India. So, I thoroughly think that Yes Bank stock prices will rebound.
5. The worst case scenario would be, Yes Bank to be acquired by some other private bank. I don't think it will be acquired by SBIN or any other govt owned companies, because the government is already selling its stakes in public sector undertakings.
Just look at the worst case scenario at Satyam Computers. It had been acquired by Mahindra, at a penny price after reporting "window-dressing" of financial statements. Now, it's shareholders would have got Tech Mahindra shares and it is among the good wealth creators.
Conclusion: Investment at current prices is fine. Yes Bank might be a good pick for a portfolio, along with other strong companies to maximize overall returns. Some ventures capitals generally invest in around 10 risky start-ups, 8 of them fail but 2 of them multiply the capital 20 fold, they still make good money in the end. Yes Bank has a very high reward potential due to it's current price. Making money via investing requires patience, strong self discipline, risk appetite, etc, so invest wisely.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
#YESBANK long trade idea setup 17/11/23Greetings Folks,
today I have prepared a setup of YESBANK on NSE
the analysis is as follows-
-the price recently broke out of a series of equal highs
- we are now waiting for a suitable retracement for the trade
- 2 possible support zones, first one is weak and unreliable but it can work out because the stock is accompanied with good volume
- the latter support zone is safer and new traders should use this zone
don't play with fire, always use a predefined stoploss
#YESBANK LONG TRADE IDEA SETUPGreetings Folks,
today I have prepared a setup of YESBANK on NSE
the analysis is as follows-
- the price is on a roll right now, making good structure along with new higher highs
- the market was slow today, hoping for a retracement for the price to gear up for the next bullish leg
- it CAN retrace deeper than the zone depicted in the chart if index opens negative tomorrow
don't play with fire, always use a predefined stoploss
#YESBANK TRADE SETUPGreetings Folks,
today i have prepared a setup of YESBANK on NSE
the analysis is as follows-
- the price had a huge fall without any retracement
- price is now in a range or can say a pattern
- i am not in a particular bias right now, as the price has not broken the previous high
- wait for breakout either side
don't play with fire, always use a predefined stoploss
Buy Yesbank @ 17.25 SL 16.6"Delivery Idea 11-08-23
YESBANK (CMP: 17.25)
Buy Price: 17.25
SL Below: 16.6
Target: 19"
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Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
YES BANK Rising1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one-day price drop
After taking support on the previous resistance zone NSE:YESBANK is moving up once again, it's a buy with stop at ₹16.95.
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.