YES BANK
- As per previous report published on YES BANK stock gave a sharp move after breaking its resistance @ 563 and so far stock made a high of 580. (Click here to see past 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. And on upper side will find resistance around 588 its previous top. as per graph no1.
- Technical also indicates that stock was earlier moving in a down channel formation , but now stock has come out from its down formation and we have witnessed sharp move after that , so as long as stock holds above it will be favored by bulls. as shown in graph no2 .
- Suggested Reading - HDIL moving in a range bound zone, sharp move expecting once stock comes out.
- As per graph no3 stock has now closed above its resistance @ 563 and 572, and stock is now heading to test its next resistance @ 588 its previous top. So once stock closes above 588 and stays above the further strength is expecting in Yes Bank for next few days.
- Intraday close watch once stock starts trading above 588, if holds above in day trading then intraday bulls action is expecting in Yes Bank.
- Click here to see all the free trading reports (tips) published by us on YES BANK.
- Stock tips for tomorrow.
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