Wednesday, September 23, 2020

Yes Bank Share Price Target | Short and Long Term Outlook

 

YES BANK Limited 

Stock/Share Price: 13.15


➽ In this article we will discuss recent development in the StockShare of YESBANK in the Stock Market. Yesbank a 33,000 cr. market cap bank currently trading below its book value of 14.60 . But recent bad news in Yesbank and bad performance in share price have loosen the faith of the investors . Here we will see Yesbank recent price action on technical chart below.

Technical Chart 


YESBANK for LONG TERM

yesbank share price , www.finvestonline.com

YESBANK share fell sharply from the price of 404 and till today its trend is extremely weak on longer time period chart. 

For making long term position in the YesBank its share should close above the level of 42 which is far away from the current price of 13. 

So as of now a long term investor should avoid long position in the Yesbank until it gives closing above of Rs. 42. 



YES BANK for Short & Mid TERM 

yesbank share price , www.finvestonline.com

Since August 2020 Share of Yesbank is trading in sideways zone in between the level of 17 in upside and 11 in downside .

A short and mid  term investors should avoid this stock until it gives closing above the level of 18 in upside . Until it is trading below the level of 18 , investor should avoid taking long position in the stock.

If the stock gives closing above the 18 then long position should be initiated for the levels of 32 to 42 in upside. Till then avoid long position in the stock.

Thanks for your Precious Time.


Finvest Online
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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.

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