Yes Bank Limited shows strong development
within a rising trend channel in the medium
long term. This signals increasing optimism
among investors and indicates continued rise.
The stock has broken a support level in the
short term and given a negative signal for the
short term trading range.
The stock is
approaching support at 16.80 rupee, which
may give a positive reaction. However, a break
downwards through 16.80 rupee will be
negative signal. Volume tops and volume
bottoms correspond well with tops and
bottoms in the price. Volume balance is also
positive, which strengthens the trend. The
stock is overall assessed as technically
positive for the medium long term.