As the YES BANK has yesterday gave big move and today it has fall as profit booking came. Now the stock has made inside candle and can give breakout either downside or upside. So keep watch on it and follow the below chart.
Is Yes Bank Making A New Low?
The YES Bank stock has started falling for a long period. If it breaks the consolidation area, it will keep collapsing, and we may see 10 - 9.60 levels soon. It's under that range from the last 17 days.
But according to price action analysis, it will try to jump up to make a new LH. It can be nearby the 12.15 - 13.5 range....
BUY YES BANK AT CMP & ACCUMULATE UPTO 11
Presently in clear bearish trend. Trend Change expected only on decisive closing above 14 on Closing basis for Targets of 16, 18, 20++
SL 9 on Weekly Closing basis.
PS: Invest only that amount which you can afford to loose.
Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before...
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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