Yesbank
YESBANK: As I said nearing second bottomWhen I posted a chart on YESBANK on 17-11-19, the price was 68.70.
I said that YESBANK will form triple bottom. Now it has came all the way down to 40 to find the second bottom. CMP - 43.55. The stock price is not yet out of woods. Chances for some 3 rupees up (47) and then 8 to 10 rupees down(36-38). If it goes up from this level or after finding bottom at around 36 it will move up to 80-100 rupees and then come down to form the third bottom. This is according to my EW knowledge and labelling. Do your own analyses based on price action and act accordingly.
YESBANK - Time to Buy?The support of 62-63 is quite solid. I think this is the last low before it targets 80 above and its a good time to buy.
take entry around 63-65 with a strict stoploss of 10-12 aiming 81-89 in next 1-2 weeks as time frame is most important part of trading hold with patience and believe in yourself. Happy Trading.
YES BANK ANALYSIS STRICTLY FOR INVESTORSAS I HAVE MENTIONED WITH CALL OUT THERE IS A GAP AND IT HAS TO BE FILLED TARGET FOR INVESTORS IS MARKED WITH ARROW BUT HOW LONG WILL IT TAKE TO FILL THE GAP NOBODY KNOWS GOOD ENTRY POINT IS 40 RUPEES APPROX BUT REMEMBER IF BAD NEWS COMES NOTHING WILL WORK
GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK PROFIT IS YOURS LOSS IS ALSO YOURS