Yes the bank’s share price closed at Rs 15.60 yesterday. This is almost flat compared to Tuesday’s closing price. According to stock market experts, Yes Bank shares are immediately supported at 15 Renault and there is an immediate hurdle at 16 Renault. As soon as you cross this 16 Renault hurdle, you will see levels from 17.50 Renault to 18 Renault. However, they also said that if the support of 15 rupees collapsed, the stock price of Yesbank could drop to 12.50 rupees.
Nilesh Jain, Vice President (AVP) of Equity Research Technical and Derivatives at Centrum Broker, commented on Yes Bank’s short-term outlook: It is above the Rs15 level. The resistance is Rs16, and when Yes Bank Stocks exceed this level, the rise between Rs17 and 17.5 is open. Until then, he said it would continue to trade in a range-limited manner.
Mudit Goel, Senior Research Analyst at SMC, said: Last week, stock prices showed a reversal of the trend. “
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Simi Bhaumik, a SEBI registered technical equity analyst, shared an important level on Yes Bank stocks: “Yes Bank has shown strong support at Rs 12.50 and equally strong resistance at Rs 18. Current scenario. So, YesBank shares can go up. They can go down to Rs 18 until they trade above Rs 15, but if Rs 15 breaks, they can go down further to Rs 12.50. If the Rs12.50 stop loss is triggered, it could fall below Rs10 and fall further. ”
Technical analysts should advise traders not to take a Yes Bank stock position at the current level, and those who have it in their portfolio should strive to maintain a stop loss of Rs 12.50.
Yes Bank Stocks: Stocks are flat!Experts expect a breakout beyond this level
Source link Yes Bank Stocks: Stocks are flat!Experts expect a breakout beyond this level