Yes Bank showing some positive signs for the stock investors.
The stock has given a return of 20% from the mid of JULY 22 and still looks good for a swing trade.
The positive signs for the swing trade.
1. Morning star pattern.
2. Trading above 20 ema and bullish MA crossover already there.
3. Volumes are high in daily candle.
4. Respected support levels.
NO MORE WORDS
JUST TREND ANALYSIS TO MAKE YES BANK INVESTOR STAY POSITIVE
HIT THE LIKE BUTTONS IF THIS ALSO MAKE YOU POSITIVE ABOUT YES BA NK
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YES BANK - 2 choices
1. Now in a flag pattern
2. If it breaks and opens and closes above the 12.9 means short-term target will be 13.5
3. If it breaks the flag pattern down-ward means it has support at 12.5 and 12.20.
1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only.
2. Always check with your financial advisor...
Yes Bank - Results are good. Creating ARC to transfer bad loans, DHFL case getting some kind of resoluion---- may take time.
Results are excellent considering the past three years of turmoil. Next year, the lock in period will get over. So, in my opinion, the price will move, once break out is done above 17, till next target of 32 and then 70 to 100.
=Rectangle formation after a bear trend indicating short term trend reversal.
Yes bank has witnessed a very long bearish downtrend.
Yes bank has taken a support of lifetime low and its is consolidating heavily around that zone for more than a year
Have given a breakout from rectangle formation on daily timeframe with volume spike.
Today, Yes Bank broke the 28 week consolidation high of 15.05 with good volume. But ended closing marginally below at 14.70
Important to note, it crossed the important levels of 50, 100 and 200 day Moving average and closed above it. This can be a positive sign for the stock. However, the next few days are important to see how the price behaves.
Buy On CMP ...or whenever pattern breakout with strong green then take.
Why I'm telling you to buy here is because Risk management is better now because SL is so small.
5% SL and TGT is about 50% ... trail SL whenever price breaks the pattern.
If the trendline breaks then also our SL is on the lower level.
Yes Bank looks bullish
Good volume keeps building. It is just a matter of trigger, when happens we can see it moving.
We can see inverse head and shoulder pattern formation which gives first target of 17.
But 100 and 200 EMA's are well above 33 levels which potrays future targets of Yes Bank.
Few good results and bang !!!
Disclaimer: This is not any kind of...
Yes Bank is set to close above its 200 EMA. Also watch volume activity.
One can keep Yes Bank under watch for a target of 17 in the medium to long term.
Important is for Yes Bank to remain above 200 EMA for further action.
Any reason why the drop should only be 20%. I feel absolutely not. It has hallmark of a very badly run bank. Greed is the word I guess. Moneycontrol should be taken to court for spreading lies last night about RJ/RKD stake in the bank. These morons just go scot free everytime becuase SEBI is staffed with nincompoops.
Let it go Yes Bank way and pay the fat bankers...