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.
Negative / volatile in Day Charts as on today -
stay calm or buy in little quantity in every dips the price traded before 12th march.
When the close is above 65 in monthly charts then it could be time to catch the proper trend.
NSE:YESBANKThe 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 is near to its resistance level....if it breaks with high volume then a great upward movement may possible...and also if it breaks its support level with high volume then downward movement may possible...
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Yes Bank is very likely heading towards making a new all time low if the minor support of 45 is broken. We are seeing the same pattern in price action as we saw in August-September. It has not given a closing above the upper trend line since the start of this channel. We can only expect to see an upwards move if we see a closing above 57 on daily chart with heavy...
In yes bank hidden bear divergence occurs.
in daily chart yes bank in a downtrend and it is a good time to short it with a small stop loss.
if stock in a downtrend and make a hidden bearish divergence its always a good time to short it because in this type of trades we always stand with trend direction so this is a small analysis of yes bank