29 aug: Reminder ✅
Yes Bank Technical: (MEDIUM TERM VIEW) (18 – 24 Months)
After A Vertical Sell Off From 286 To 53 Level Stock Is Trading At Highly Oversold Zone. Yes Bank Has Significant Support Zone Located At 53 - 51 Levels Whereas Significant Resistance Zone Located At 61 – 67 Zone. After A Panic Sell Off We Expect Stock May Take Pause At Current Levels And Likely To Trade In Equilibrium Zone. We Believe Yes Bank Likely To Trade In Equilibrium Zone Of 51 – 53 To 61 – 67 ✅And Thereafter Stock May Show Some Relief Rally Upto 107 === 142 === 166.
Whereas On Any Panic If Yes Bank Manages To Close Below The Equilibrium Zone Of 51 – 53 To 61 – 67 We May See Further Sell Off Upto 38 === 31 === 24 Zone. (Chance Are Very Less Of Breaking Equilibrium Zone On Downward Side.)
Now 71✅ Range Broken Upside..