Is 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....
BUY YES BANK AT CMP & ACCUMULATE UPTO 11
Presently in clear bearish trend. Trend Change expected only on decisive closing above 14 on Closing basis for Targets of 16, 18, 20++
SL 9 on Weekly Closing basis.
PS: Invest only that amount which you can afford to loose.
Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before...
Live Challenging Stock Market Analysis YESBANK Buy @ 15.05
Target @ 20.85
#sharemarket #yesbank #Nse #stockmarket
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Om Namah Shivay
The Initial pattern suggested
should be corrective pattern
which is fully retraced back
with a Zigzag. The movement
is supported with divergence.
This is for educational purpose only. There are no trading recommendations.
Om Namah Shivay = Soul (the I) respects Shiva ( the supreme Soul)
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...
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