Say Yes to Yes Bank?I'm torn when it comes to this stock, it is a decent bank which had bad leadership and it has paid the price for it. But fundamentally, this is still a good stock. I see 2 scenarios, it can go to INR 10 per share, or if it respects the channel, I'm expecting a breakout anytime soon. Remember, market makers like to shake out retailers from any position, before the move is made. If you have the time and conviction, add this stock to your portfolio, but results can take quite a while to appear. Alternatively, if you don't want to wait, you can sit this one out. I for one, am adding this stock and will continue to do so, as I believe it can reach at least 50-60 levels in the next few months....as always I have multiple sell orders all the way till 300, as it was the last high and i will sell bit by bit as it goes up and average down if it come to my cost or below....which is 19 right now...I will keep buying even if it hits 5 which is the lowest its gone to...Use your own risk management if you're entering...
