YESBANK trade ideas
#yesbank#yesbank stock was in continuous uptrend, however from last 2 Months it was making the base at lower level after a sharp upside around 32.8, Today the stock is trying to recover with volumes, so once it will cross 26 level, it can touch 27.3 and then 29.6 in next 2-3 Months. Keep stop loss below 23.2
YESS YESSS Finally giving long due breakout buy buy buy ...
Hello All,
I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits.
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Gautam Khanna
Technical Analyst by Passion :-)
Found Channel Breakout in YESBANK on Weekly ChartPoints To Remember :
-Channel Breakout Confirmed.
-Crossover Of 50 and 200 DMA Confirms Trend Change.
-Consolidation/Retest Required Before Entry.
Feel free to message me personally to enquire about any technical analysis of any particular stock.
Thank you
Whaaa Yes BankThe backbone of the Indian economy is its banking industry which offers several profitable investment options, one of which is Yes Bank. However, in the past couple of years, the bank lost its value due to management and other reasons. But since November of the previous year, Yes Bank has made a strong comeback. Not too long ago, investors were hesitant to invest in it, but now, due to its impressive performance in the last couple of weeks, people are eagerly investing in it. If you take a look at the monthly chart of Yes Bank, you will see a wonderful rounding bottom pattern with outstanding increases in volume.
Yes Bank Price ChannelYesbank gave a super breakout above 24 on a weekly Chart...
B/O after a long consolidation...
So thought of posting the Price channel...
Levels marked.... Use it for your trading...
Keep Visiting this chart for viewing the Price Action
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Yes BankYes Bank: I do sincerely regret that YES BANK is the least strong bank.
But i saw that from August 2021 to the present, the high bottom has increased three times, each time by about 40–45%.
I'm not sure if it will, but I think it has the potential to hit the most recent high, which is about 40%.
No Time Duration Approx
Low High % Rise
1 Sep - 2021 10.8 14.7 36.11
2 July - 2022 12.5 18.1 44.8
3 March - 2023 14.55 20.35 ( Predicted Approx 40 % )
Please don't take this personally; it is solely for educational purposes. This is not a recommendation.
I am not a financial advisor or a SEBI-registered advisor. Please communicate with your advisor before making an investment.