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.
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)