YES BANK Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from support , further strength expecting once stock closes above 563. (Updated for 18th August 2014, Monday).

YES BANK

• As per previous report published on YES BANK stock failed to close below its trend line support zone of 502, and stock bounced back, after that stock made a high of 562. (Click here to see previous report published on YES BANK).
• Now daily chart indicates that stock is moving up from its trend line support and around 23.6% fibonacci retracement support zone, as long as stock trades above it will be favored by bulls. But once stock close below its support zone of 502 then weakness is expecting.
• As per graph no2, Technical indicates stock is moving up from 100 days moving average support zone, as long as stock trades above price can move higher. As per fibonacci retracement studies stock is also facing golden ratio resistance around 563, but once stock closes and holds above 563 then bulls may get active again for next 1-2 trading days. Upper side will find resistance around 573 and 587.
• Intraday close watch once stock starts trading above 563 in day trading , if holds above then intraday bulls action is expecting in Yes bank.
• Suggested Reading - FUTURE RETAIL (FRL) has formed descending triangle formation, Sharp move expecting once stock comes out.
• Daily chart also indicates that stock is moving in a down channel formation, so once stock comes out from its formation then sharp move is expecting in YES BANK , close watch.
• Click here to see all the free trading reports (tips) published by us on YES BANK.
• Stock tips for tomorrow.