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Yes Bank- Weekly SetupYes bank weekly trend is up and price has taken resistance from 4 time from 922-394 zone. It has formed strong bearish pin bar on daily chart which is sign of sellers are in control now. I will wait for the price to come at 386 level for good risk reward ratio. Always book 75% at first target and trail remaining for final target.
Yes Bank will it Hold? If not Bears will attackYes Bank has broken the support.If 286.65 is broken then
The Next support lies at 247.39
If there is a good bounce based on volume an intraday position can be taken, if the support is broken shorts can be taken.
This is not financial advice do your own research
YES BANK: BULLISHAs per Institutional Order Flow and Price Delivery Analysis, I'm bullish on Yes Bank.
There has been a stop run to stop out all retail traders aka, a purge in the liquidity and immediately a bullish candle to push it upwards.
Disclaimer: I am not a SEBI Registered Advisor. This post is purely for educational purposes only. I will not be responsible for your profit and loss.
Please confirm with your investment advisor.
Yes Bank India Bought Yes Bank India
About the company
Yes Bank (stylised as YES BANK) is an Indian private sector bank, headquartered in Mumbai, catering to retail customers, MSMEs, and corporate clients. The bank was founded by Ashok Kapur. Its network is spread across 300 districts in India and comprises 1,198 branches, 193 BCBOs and 1,287+ ATMs.
Among the bank’s major shareholders are the State Bank of India, the country’s largest scheduled commercial bank; two global investors viz affiliate of Caryle and Advent International, among others.
Yes Bank has an ESG Score of 74 (on 100) on the S&P Global Corporate Sustainability Assessment (CSA), one of the highest in the Indian banking industry
#debadipb #profitsolutions #yesbank #ssi #sunstorminvestment
YES BANK - BUY ABOVE 290 FOR A HIGH PROBABILITY TRADEYesBank
cmp 276
Target 400 plus
Stop 265
Long suggested ABOVE 290.
Logic:
1) Nice rounding bottom formation.
2) Shorter MA crossed 50/100/200 ma.
3) Bull candles accompanied by above average volumes and pullbacks accompanied with low volumes.
4) Long suggested above 287 which is the last key notable resistance zone. Ideally above 290 to give room for false breakouts.
Disclaimer: I have directional long positions in yes bank.
Yes Bank touches 61.8 Fib levels on long term Weekly chartsAlthough the recent fall in Yes Bank is purely due to the news and hence is fundamental, charts are showing the important Fibonacci levels Yes Bank has been touching on each of these falls in the past 3-4 weeks.
If Yes Bank is to fall any further from here, then 78.6 levels (120) is on the cards, however, it is highly unlikely and most probably we would see a bounce back from the important 61.8 current fib levels to upto 260 & then some consolidation before going further up?
Long Yes BankYes bank is currently trading in strong buying zone, it has tasted its crucial support of 305 twice in last 10 days, currently it is undervalued compare to its peer, there is high probability that it will shoot up from here. One can take long position, my target for yes bank is 380 by December, 2017. Fundamentally, this stock is very strong.