YES BANK "DOWN TO DUST"...IS THIS THE RIGHT TIME TO ACCUMULATE!!
Yes Bank being a stock which created wealth for its investors which went straight up from as low as Rs 8.10 to Rs 404 in mere 9 yrs and 4 months went for a toss in Sep 18
This stock HOLDING the title of a "Biggest wealth destroyer of the decade" in Nifty 50 list
Lets see was there anything which could have saved investors who got trapped and even averaged Yes Bank at lower levels
WARNING signs were well in advance visible on chart ie 03 Sep 18 about its internal issues
Distribution Phase started 1 year period period to its downfall (ie Jul 17 to Aug 18) its a phase were promoters were exiting in big chunk
Time Cycle- Sep 18(24 Bar, 732d)
03 Sep 18 price broke its multi-year trend line support with heavy volume and a “Fall of Yes Bank” started
If these TA signs were not ignored, investors must have saved a lot on YES Bank
Comment for further analysis if required
A clear example of “Down to Dust”
Thats why I always insist "Always Respect Risk"
Happy Trading
Jai Hind
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