Yes Bank forming a Morning star.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.
The trade can be initiated once the stock cross and sustain above today's high.
Target :- 17.3, 19.5
Stop loss :- Close below 15.3 on daily time frame.
Wait and watch the stock levels and price action before entering the trade.
Yesbanksell
Will Yes Bank continue to slide? Open Short Target 60, 50
SL 81 (should close above).
Reason bad debt: other than DHFL, Yes Bank have huge exposure in CG Power. It also has loan exposure to HDIL.
If your idea matches mine open short, I will keep you posted as price moves.
Please, take a second and support my effort by hitting the "LIKE" button, that’s the only fee from You!
Yes Bank | Breaks down after consolidationYes Bank breaks down after a brief consolidation. Bear trend still holds strong. 108 was a Bear Flag target in 4Hr chart (attached below for reference). Another possible Bear flag depth (also shown in the chart attached below) then indicated a target of 80. Considering the fresh break downwards the stock is expected to fall to 100 which is very critical. Below which 80 is the price Yes bank could fall to as suggested by Bear Flag formed earlier.
YES BANK | Bear Flag pattern Bearish Flag pattern observed in YES BANK. Pattern looks to have confirmed suggesting a bearish outlook. Target depth of flag is around 40 points considering the price 172 on 10th May. If beginning of the fall @ 201.65 is considered, depth of flag will be around 70 points. With confirmation of pattern occurring at 147.7, Target of the pattern comes in at 108 taking 172 and at 78.5 taking 201.65.
Also note that 132.5 could offer a good support. A target (strictly technical) of 108/78.5 looks extremely bearish.