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This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit websites that posts a link to this Policy (collectively, “the sites”). understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Yes Bank’s 52-week low is around Rs 11.10, which it achieved on 28 July 2020. He said that some investors may be tempted to continue holding this stock because it once hit levels around Rs 21, so there is some euphoria around this level, he said. This stock has been under the breakdown since it breached the levels around Rs 15.60.įor all kinds of investors, the right thing is to Wait and Watch, Jain said. He still maintains an “AVOID” strategy on Yes Bank shares for now and advises investors not to take any fresh long positions on it. The AVP had also said that the levels of 16 was important and could trigger a trend reversal in the Yes Bank Stocks. The AVP had earlier said that the stock would continue to show “Sell on Rise” trend till it achieves a crucial level of Rs 16. If you are an investor in the Yes Bank stocks, then this investment tip might prove to be useful for you. Jain said that the Yes Bank stocks had undergone symmetrical triangle breakdown pattern.
The Yes Bank stocks has undergone a breakdown reaching levels around Rs 14. If the Yes Bank stock opens up, it is likely that it would test Rs 18 over the next few trading sessions. He said that that he expects the stock to trade in the green on Wednesday. However, the sentiment remains positive, he further said.Īnybody who has a long position on this stock should continue with it and those who want to take fresh positions should wait for dips. He further said that the decisive closing above Rs 16 on Tuesday was positive and may also invite some profit booking.
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