Stocks Equity – Yes Bank Technical Indicator and Long Term Investment Report

Technical Indicator

RSI: RSI is 62.3. According to RSI analysis, yesbank is technically strong.

Fibonacci Retracement: According to fibonacci retracement, price is above all levels. Major support is at 1379.1251 and 1324.025. Resistance level is 1557.5.

ADX: ADX is 38.1 which means YESBANK is in a trend.

SMA: Yesbank is in a strong uptrend. Major support levels are 1509.595, 1452.683, 1274.982.

Investment Calls by Technical Expert

Yes Bank on Daily & Weekly chart showing strong uptrend. Also all the indicators were generating buy signal. So can expect more upward movement in the script, Buy Yes bank above 1560 by maintaining Stop loss of 1460 for the target of 1660-1700. you can hold 5 to 6 month.

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