Analysis based on technical parameters(No Noise)
Yes Bank - I will avoid going onto the fundamental aspects, Not my forte...However with the recent revival efforts and upgradation and mega outreach by the banking staff...encouraged and motivated me to have a look on the chart (long term)...to my utter surprise...this banking stock have full potential...
The Yes bank is currently moving sideways by taking the support of 50% retracement of Fibonacci. ADX is less than 25 , which indicates a fall, but +DI is above -DI means uptrend. I have applied the moving average, which shows the fall, too.
If the trend falls and crosses 17.60 , then the targets are following 17.30 - 17.00 - 16.70 - 15.40 . And if yes bank...
Yes Bank is seeing some great buying action with good volumes.
For risky traders, this could be a sign of reversal from hitting a recent bottom.
Great price volume action.
Go long for short term.
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Alright then, first of all, WARNING: Only for risky traders.
Yes Bank as seen had created a gap on hourly charts. Now it has successfully retraced and almost filled the gaps as well.
If a risk can be taken, go long from here. Technically the chart shows a breakout and up trend. Trade with stop loss according to risk appetite.
Fundamentally, the management...