YESBANK is stuck in a ascending channel for 6 months now. It has also tried to break the upside on 18.6 but failed to do so effectively. Bounce is expected from support. Also poised to break inverted H&S when crosses 18.6 with good volume.
All indicators or previous chart history showing upward movement of YES Bank BSE
This is buy trade setup and valid for next 3 months...
All analysis is based on historical data and some calculations based on RSI indicator...
So, do your own research before trading this stock...
Thanks for your support...
in last 2 trading days, yes bank already moved 20% and reach a one-year-old resistance levels as you can see in chart.
now the question is that we should take entry in yes bank after such move.
in my opinion, I will take entry in yes bank once its close above 21
Can NSE:YESBANK be a Multi Bagger Stock ?
1. Stock Consolidating in the zone of Rs. 10 to 20 for almost 2.5 years
2. Resistance Breakout with Heavy Volume
3. Breakout with Rounded Bottom Formation indicating a reversal in the NSE:YESBANK
4. OBV showing a successful Breakout as OBV
5. EMA 20 Crosses Above EMA 50 in Weekly Time Frame
Yes Bank showing some positive signs for the stock investors.
The stock has given a return of 20% from the mid of JULY 22 and still looks good for a swing trade.
The positive signs for the swing trade.
1. Morning star pattern.
2. Trading above 20 ema and bullish MA crossover already there.
3. Volumes are high in daily candle.
4. Respected support levels.
Yes Bank looks bullish
Good volume keeps building. It is just a matter of trigger, when happens we can see it moving.
We can see inverse head and shoulder pattern formation which gives first target of 17.
But 100 and 200 EMA's are well above 33 levels which potrays future targets of Yes Bank.
Few good results and bang !!!
Disclaimer: This is not any kind of...
Yes Bank is set to close above its 200 EMA. Also watch volume activity.
One can keep Yes Bank under watch for a target of 17 in the medium to long term.
Important is for Yes Bank to remain above 200 EMA for further action.
YESBANK was getting continuous resistance from 200DMA for a year since Nov'20 (as mentioned in our previous update on this stock in Oct'21, link below). The stock has finally gathered enough steam and has broken out of the 200DMA with volume. Is this a real breakout or will this be a fakeout and the stock will go back below the crucial 200DMA? We will watch out...
Momentum is seen in daily TF chart.
by RSI & MACD.
It is very good sign as common indicators shown this momentum.
Surely big going to be happened and it is accumulation zone before explosion.
it is multibagger stock now.
fundamentally when private investors step in, it will going to be once in lifetime opportunity to accumulate in this stock.
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....