YESBANK trade ideas
YES Bank provides a Kumo BreakoutYES Bank broke above the Kumo Cloud on back of Q3 results. The Chikou Span seems to be free. Span A & Span B are also trending up. A long can be initiated with initial and trailing stop loss 0.5 ATR below Kijun Line (Currently at 204.60)
YESBANK Sell Around 200-205 SL 212 Closing basis..tg 195-180-160Trading in a Narrow Range...good trangular formation...can understood form chart
YES bank headed for another round of fallthe chart is self explanatory ..... smaller time frame chart corroborates our suspicion
Yesbank About to breakout TGT 230Yes bank is showing accumulation
A falling wedge and bullish diversion on daily and weekly time frames can be clearly seen
It is at weekly support level
Take position at 160-170
TGT 230
YES BANK - Short term pull back possible Daily charts
cmp 169.80
Long advised above 172.
High probability of Short term pull back towards mean. (195-200 )
Logic -
Strong divergence seen in price Vs pivot based oscillators.
Price forming lower lows + pivot based oscillators forming higher lows with volume supporting.
DOES NOT SIGNIFY A PERMANENT REVERSAL. ONLY A SHORT TERM TRADING OPPORTUNITY.
Stop for this would be 160. Entry should be only above 172 for a target of 195-200.
Buy YES BANKForming a Wolf Wave pattern on daily charts, a close above 176 will lead this stock towards 200 and depending on the momentum then, move may even continue from there on. 145 seems to be a decisive low set for a while now. Seems good for short term duration with a SL of 145
YES BANK - DAILY TIME FRAME - SHORTBased on the Price action i feel we can enter the SHORT TRADE as per the SHOWN RISK REWARD in YES BANK....
(India) YES BANK - Long Term Buy (at Rs.185)Recommending YES BANK as a long term buy, at around 180-185 levels.
YES Bank is one of the TOP-5 private sector banks in India, along with others like ICICI Bank, HDFC Bank, KOTAK etc.
Its loan book, NPAs, OPM, PAT numbers etc. are in line with other top private banks (as it should be), but the recent sharp sell-off (due to CEO's resignation & slight IL&FS exposure), might have created a LT buying opportunity.
SCALE: Has a loan book of ~ Rs. 2.1 Lac Cr (deposits & advances each).
PROFITABILITY: Net Profit YE Mar 2018 = Rs. 42Bn (TTM upto Nov2018 ~ Rs. 45B)
MARKET CAP: Rs. 444Bn (@ CMP Rs. 192.5) ... as of Nov2018
P/E Ratio: 10x (444B / 45B) .... which is very low compared to 25-30x of other large Private Banks.
SELL-OFF: There was a sharp sell-off in YES BANK from Aug-Oct 2018, with shares dropping from 393 to 184 (-53%).
RBI asked YES BANK chairman to step down, due to some discrepancy in NPA reporting. Additionally, in the last earnings call they reported Rs.2600Cr exposure to IL&FS (which even if considered zero/written-off), is just 1% of the total deposits (Rs. 2.1LacCr). So, structurally I do not see these things impacting the long term profitability, AND/OR much of it is discounted in the 50% price drop (& valuation / PE contraction from 21x to 10x annual earnings).
So, recommending a buy around 180-185 level (vs. CMP 192). Doubling of the PPS from here (PE doubling 10x to 20x) would roughly put it in line with the remaining Private sector banks. Timeline - long term.
CAVEAT 1:
Technically, if it closes below 185 on a closing basis ... do average out. And, get back in if it recovers. OR,
Average-in more at the next support (around Rs. 132).
CAVEAT2:
Investing in INDIVIDUAL stocks is always tricky, because of the unknown future news, & can be highly VOLATILE.
So be prepared to average in more if a stock drops 50% from your initial purchase, and even more on further drop, etc, before giving up.
Otherwise, vs. individual stocks ... consider investing in the top ETFs (NIFTY 50, or NIFTY NEXT 50) for a well diversified approach to Long Term investing (for a steady growth with the GDP & economy).
Yes Bank - LongFormed an Inverse Head & Shoulders. Currently retracing. Should bounce back with higher volumes.
Additionally, showing support at .618 retracement of impulse wave 1.
Side note, quarterly results to be released on October, 25th.
Yes BankWorst does'nt seem to be over yet, stock is still in a no trend phase, so should re-visit the lows.
NSE:YESBANK Sell For 14 Nov 2018YESBANK sell initiate for 14 Nov 2018 using 1 hour chart based on Fibonacci levels,
check below Sell level :
Sell Below : 222.35
Stop Loss : 229.5
Target : 219
Hourly chart: Returned from resistanceReturned from resistance at 229. It has to cross 233 on closing basis for an up move with a target of 312. Support is at 180.
YES BankYES BANK
1> Large Cap
2> UnderValued
3> P/E ration Good
4> Debt to Equity Ratio is > 10 - Rejected
Yes BankCurrently Yes bank is in DZ 215-225. If breached with heavy volume , next tgt with be 140-150...how many of you are agreed...Your views are appreciated
Yes BankBoard meeting tomorrow..
Seeing all the Data could be a quick trade going long close to 220 with hopes for a short term bounce. 219 seems to be establishing as a support.
