Analysis based on technical parameters(No Noise) Lazy Day... 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. Please like and follow. NSE:YESBANK
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...
Target - 25 in YES Bank , 10 Days Personal Thoughts , Not SEBI registered. Trade on your own Risk (Trading is a game of Probabilities, Good analytics can bring you on the positive side of it )
Finally after a 5month consolidation, a strong Breakout indicates good times ahead in the stock. We need to cautiously observe this movement.
Made a super bullish breakout from range, can look for 18/21 target if closing above 15. Could be start of Wave 3, let's see how it unfolds.
Yes bank turns a buy for MACD Indicator as Care has upgraded the various bonds , can place assurance upto certain time on Yes bank Right time to buy target 25.30 for long term
SBI has underperformed compared to Bank Nifty. It is likely to expect that we can see some good momentum in SBI in the coming weeks. 225 is strong resistance as of now. This stock is certainly not a pick for the long term horizon. CMP - 200 Target - 225 Position Type - Swing
As per RSI, technically yes bank is showing an oversold sign, and hence there are high chances of an uptrend. My target remains the same for the bank.
JULY-SEP is expected to be a profitable quarter for yes bank, the price is expected to rise as the volume will rise if the volume crosses nearly 400 mn in a day it will surely boost to 15.50-16 levels, as per insights CASA for Bank has shown growth and for long term its a buy call for the refined yes bank for you.
Yesbank shows a flag pattern breakout in one day chart. In my opinion, it will be short term bullish. In fundamental wise, Positive news are coming for yes bank. so 1st target will be around 18.0 and second target will be around 24