Yes Bank Share Price: Stock remains unchanged, BREAKOUT is expected to rise above this mark

Yes Bank Share Price: Stock remains unchanged, BREAKOUT is expected to rise above this mark

Yes Bank’s stock closed at Rs 15.60 yesterday, almost unchanged from the previous day’s close. Yes Bank shares have immediate help at Rs 15 and an immediate hurdle at Rs 16, according to stock market experts. Once it clears the Rs 16 barrier, it will likely trade in the Rs 17.50 to Rs 18 range. They also mentioned that if the Rs 15 support is broken, the Yes Bank stock price could fall as low as Rs 12.50.

Nilesh Jain, Assistant Vice President (AVP) — Equity Research Technical and Derivatives at Centrum Broking, commented on the Yes Bank outlook in the near term: “The Rs 15 level is critical for Yes Bank’s share price, and the overall sentiment is optimistic as long as it stays above it. The resistance level is Rs 16, and if the Yes Bank Stocks reach this level, a range of Rs 17 to 17.5 will open up on the upside.” He predicted that it will continue to trade in a range until that time.

According to Mudit Goel, Senior Research Analyst at SMC, “Yes Bank’s stock has immediate support between Rs 12.50 and Rs 13. Those who own Yes Bank shares should keep their stop loss at Rs 13 and wait for a rebound, as the company’s stocks showed a trend reversal last week.”

Simi Bhaumik, a SEBI registered technical equity analyst, shared important levels in relation to Yes Bank stocks “Yes Bank has a strong support level of Rs 12.50 and a strong resistance level of Rs 18. Yes Bank shares can rise to Rs 18 before they trade above Rs 15 in the current scenario. However, on a breakage of Rs 15, it will fall even lower to Rs 12.50. If the Rs 12.50 stop loss is hit, the price will fall even lower, below Rs 10.”

Traders should avoid taking new positions in Yes Bank stock at current prices, according to the technical analyst, and those who already own it should aim to keep their stop-loss at Rs 12.50.

Yes Bank Share Price: Stock remains unchanged, BREAKOUT is expected to rise above this mark

Sakshi Sharmahttps://bioinformaticsindia.com
I am a Managing Partner at Bioinformatics India where I write blogs, look after all the partners, and manages the affiliates associated with the website.

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