It has been observed that the price action breaks out above the 6 months trendline and confirmed the breakout by re-testing of trendline by forming a bullish candlestick. The breakout is also confirmed by the RSI Bullish Divergence. Therefore, price action is expected to go further up from here on. T1-17.5, SL 14
Watch out for YESBANK in the upcoming days. It has been continuously trading inside descending channel for long. It has been trying to breakout from the channel. Expecting a breakout this time in the upcoming days. Initial targets being 17 followed by 21. If it breaks the second target levels, we can expect good upside, whereas one should exit below 12.
Live Challenging Stock Market Analysis YESBANK Buy @ 15.05
Target @ 20.85
#sharemarket #yesbank #Nse #stockmarket
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