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Yes Bank giving a strong technical signal despite of a weak market!

Hello Readers! Yes Bank has been victimised enough for its governance issues. The correction that has happened has brought it to levels which make it a very attractive investment. A bottom in sentimentally impacted stocks occurs suddenly and Yes Bank has just signalled a potential bottom at 150.  Refer to the below attached analysis and chart of Yes Bank. The occurrence of positive divergence in RSI, Rsi taking support on exactly 30 and the morning star pattern are all super positives especially since they overlap. I believe a long here would be beneficial with a stop of 150 and a target of 280 (till its 600EMA which will be strong resistance to take out)

Yes Bank daily captured on 06/12/2018

This is all for now! Please feel free to revert with your opinions and feedback!

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Read this analysis on NIFTY50 which stated the correction before it started.

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Till then, adios! 


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