Yes Bank- Buy | Sell ??

Analysts Bullish as HDFC Stake Raise Sparks Surge

Yes Bank has started to move again after being quiet for four years. The chart is showing some good signs. On a weekly basis, it’s just beginning to expand its range, which is a positive sign. The breakout looks strong, with a good amount of trading volume and delivery quantity. As I’m writing this on Thursday, we’ll know more about the exact closing price on Friday.

If the price can stay above its current range, things should go smoothly.

Yes bank is forming classic text book example stage structure. It has broken out of accumulation phase.

There’s also some good news about HDFC Bank increasing its ownership in Yes Bank, which has caused the stock to reach new highs recently. You can read more about it here: India’s Yes Bank Surges on HDFC Bank Group Stake Raise Nod.

Furthermore, analysts predict positive earnings for Yes Bank in the next couple of quarters. All these factors suggest that Yes Bank is looking good for the near future.

Always prioritize risk management and proper position sizing to ensure you stay on track towards your goals. While analysis is valuable, it’s important to acknowledge that it may not always yield the expected results. Be prepared to adapt if things don’t go as planned, and maintain a resilient mindset throughout your journey.

Read more on risk management here.

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Disclaimer: – I am not SEBI registered advisor. Please consult a professional advisor before taking any decision. This is not buy/sell recommendation.