YES BANK NSE:​YESBANK

YES bank looks bullish on the daily chart technically. The trade setup would be as follows If the closes above 1 the target would be 2 & 3 It is also forming a bearish upwards triangle.

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100 Monthly SMA Proved to be better Indicator than 100 Month Exponential moving average

100 Monthly SMA Proved to be better Indicator

For YESBANK 200 Monthly SMA Proved to be better Indicator, it touched the SMA and rebounded from 200 SMA

YESBANK did touch 200 Monthly Moving Average and rebounded

In daily time frame of YES BANK ....a DOUBLE TOP with RSI DIVERGENCE occurred ... so we can ENTER SHORT like RISK REWARD shown in the chart

Lets try this for 20% upmove from here

BUY

if breaks Support level 0f 175 it will be easy to fall 163 great opportunity to buy from here to the direct profit of 39 % if holding and having patience for more than 40 days from buy zone sell@278

Yesbank broke down below key band support. 1600 Crore INR working capital loan to DHFL is an Issue 3000 Crore Essal Group ( Zee Entertainment) for DISH TV share collateral is also a issue. Looking to re-enter @ 165 level Looking to short on close below 191 Strong performance by Axisbank and Icicibank also keeps good new money out of YESBANK. Good luck!

only 30 mins it took to gain more than 25% and rally continued till next day also.

Best best

YES 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)

Trading in a Narrow Range...good trangular formation...can understood form chart

My View for Monday Or Tuesday t.me

i have insider news, will attend board meeting, yes will rocket baby

the chart is self explanatory ..... smaller time frame chart corroborates our suspicion