in last 2 trading days, yes bank already moved 20% and reach a one-year-old resistance levels as you can see in chart.
now the question is that we should take entry in yes bank after such move.
in my opinion, I will take entry in yes bank once its close above 21
Can NSE:YESBANK be a Multi Bagger Stock ?
Reason Being:
1. Stock Consolidating in the zone of Rs. 10 to 20 for almost 2.5 years
2. Resistance Breakout with Heavy Volume
3. Breakout with Rounded Bottom Formation indicating a reversal in the NSE:YESBANK
4. OBV showing a successful Breakout as OBV
5. EMA 20 Crosses Above EMA 50 in Weekly Time Frame
if you...
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.
It might...
Yes Bank saw a sharp upwards movement in price following the news that Private equity majors Carlyle and Advent have got the Reserve Bank of India's (RBI's) nod to own up to 9.99 per cent in Yes Bank. Go long above 20 rupees while that will then become your stop loss. I do feel the major issues of Yes Bank are behind it.
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.
The...
Wait for breakout at resistance levels. Trade only if it gives breakout with good volume. Don't trade at resistance level wait for pull back or breakout.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. This is purely for Educational purpose and for your...
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.
Note:
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.
