ON FUND RAISING PLAN YES BANK MAY OPEN UP NEAR THE UPPER RESISTANCE LINE. CAN IT OVER TAKE THIS RESISTANCE LINE? SEEMS DOUBTFUL....LET US SEE IF SELL ON NEWS TAKES PLACE OR NOT. MORE ABOUT YES BANK WILL BE UPDATED AFTER MONDAY
Comment
⋅
If news is positive it may gap up near resistance line..
Comment
⋅
1)Yes bank has closed below 100 dma and trading above 20 dma. if yes bank reacts positively and gaps up it will face resistance at 79.10.It is tough for it to cross this and selling may be observed at this price. 2) if the fund raising will be discounted by the market selling may be observed from the beginning.then green support line will act as a support. volatile movement may be observed.
Comment
⋅
crucial resistance of yes bank is 79.10 and 86.6 supports are at 61.8, 54.4 and 51.5
Your chart is not very clear, but let's get to the point.
My own reading (basis my own analysis) is that Yes Bank needs to go through one more correction leg before it commences a next bull run. Right now it's range bound and it's in the upper range, so it's highly probable it'll slide down from here. Notably, it's also forming a minor double top. A possible scenario is that Yes bank may slide down to Rs.30 levels and will find support there before commencing next bull run.
@Mark_Beard, I will be posting on what I see as a termination of a major trend...like you guys to comment...
bijoy2526
⋅
@Yadunath, the lines drawn in the chart drawn during follow up of the price movement yes bank since many days, they may have importance in later days.Of course lines can be hidden we have that scope in trading view.
Mark_Beard
⋅
@bijoy2526, Sir you may refer my latest idea i posted just now and comment pls.
bijoy2526
⋅
@Mark_Beard, just gone through and commented let us see how market reacts.
main criteria if it crosses 79.1 with huge volume then 86.8 and 112 may be possible
kartikkhanna0705
⋅
there is too much on this chart
sorry cant understand
My own reading (basis my own analysis) is that Yes Bank needs to go through one more correction leg before it commences a next bull run. Right now it's range bound and it's in the upper range, so it's highly probable it'll slide down from here. Notably, it's also forming a minor double top. A possible scenario is that Yes bank may slide down to Rs.30 levels and will find support there before commencing next bull run.