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Yes Bank Technical Analysis #16: Buy | Target Rs 203 | Arijit Banerjee


Buy Range182 – 188
Target203 – 220
Duration20 – 25 Trading Sessions
Potential Return^10 – 19%
CMP#IdeaBuy RangeTargetStopLoss*DurationPotential Return^
184.25BUY182 – 188203 – 22014420 – 25 Trading Sessions10 – 19%

# CMP on Jan 11, 2019
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 194.
^ The returns are calculated based on CMP#


Having over 18,000 employees, 1800+ ATMs and 1150 branches, Yes Bank is the fourth largest private sector bank having verticles in banking, insurance and wealth management. The company reported a standalone net profit of Rs 1001.85 crore for the quarter ended December 31, 2018, compared to Rs 1076.87 crore reported during the corresponding period of 2017-18.

Stock Data
SectorPrivate Bank
52W High404
52W Low146.75
Face Value2
Relative Performance_Yes Bank vs Nifty Private Bank


  • The share price of Yes Bank has been a sharp declining trend since it’s lifetime high of ₹ 404 registered during August 2018.
  • After a consistent downtrend in the last 4 months, the stock price has shifted into a sharp upside bounce in this month.
Yes Bank Weekly Chart
Yes Bank Weekly Chart


  • The stock managed to surpass the falling price resistance and has given the breakout of the trend line indicates a positive sign.
  • MACD has formed positive divergence on the daily chart, which indicates the loss of selling momentum and a possible rise in trend reversal.
Yes Bank Daily Chart
Yes Bank Daily Chart


1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.


This research analysis is prepared by Arijit Banerjee, CMT, CFTe. An engineering graduate developed an early interest in Trading since the age of 20. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and also has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts (IFTA), USA. His contribution to the market research was recognized by SEBI, the Regulatory Body of Indian financial market and given him the registration number INH300006582 as a Research Analyst. Over the years, he has gained experience in Technical Analysis with a demonstrated history of working in different asset classes. Himself as a trader, he has trained and continues training novice and experienced traders to become successful, confident and profitable in the financial market.


The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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