Yes Bank again set targeting lowers.With our new indicator, #yesbank has given another sell signal showing bearish strength.
Prices below as targets are 33.60, 31.05 and 29 (this one on a longer term).
35 acting as resistance to this fall which will invalidate this fall for sometime.
Prices are likely to touch 31 by next month and 29 in coming weeks.
Yesbank
YesBank Down-trend Good PullbackSo we have a Two Bottom Reversal very close to 200 MA here. (Likewise NIFTYBANK, NIFTY50 )
Also in MACD, MA wont cross signal for a day i analyze.
And its has broken Down-trend on 30 min frame, with good bullish candle.
Yellow Line = 200 MA
Purple Bar = 15 day support
Green Square = EXIT
YES BANK BUY FOR LONG TERM INVESTORSNSE:YESBANK The stock is trading in a range which is near a decade's low. Once the bank manages to get a support of good financier, it is not going to stop. Being one of the largest private sector lander, the bank is not going to ashes. So, need to worry is little. It is BUY and ACCUMULATE candidate between 30-35 range for outlook of long term investing.
Yes Bank Possible Trend & Trade Setup !!TREND ANALYSIS & TRADE SETUP
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