Welcome to this analysis about YESBANK , we are looking at daily timeframe perspectives. YESBANK in recent times heavily decreased with bearishness however it now moved into an oversold condition. YESBANK is developing here that will be a decisive factor in the upcoming times. I discovered the main formation YESBANK is developing here that will be a...
has made a severe sell off with huge volumes in previous sessions and has been consistently raising these sessions..
Volumes picking up and the RSI has broken the Ascend.. Triangle pattern..
YES BANK likely to touch the 1 and 1.618 fib levels on short term before loosing its momentum..
* Once has to be careful; as this is a sell on raise type of...
Forming 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
Formed 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 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.