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Yesbank

YES Bank: Price Action Analysis & Trading TipsIs 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. Safe investors can start selling nearby dynamic LH with the stop loss above the hurdle line. Further information I will update you soon.
NSE:YESBANKShort
by forextidings
9
YESBANKAs you can see, there is a good Bolinger Band formation in YESBANK with good volume and, at the same time, it has broken the downtrend. I believe YESBANK will now move in a Bolinger Band, so continue to average near 20MA (i.e. the middle band of the Bolinger Band is 20MA). After breaking the trend, the chart has also retested the support. Please keep the lower band on a weekly timeframe as your stop-loss, and also keep trailing your SL. Disclaimer: I personally hold YESBANK. For education purposes only. Not a SEBI registered broker. Please ask your financial advisor before investing.
NSE:YESBANK
by im18ravi
6