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YES Bank Detailed Analysis is a follow-up video of Yes Bank technical analysis video shared in the Feb’19. In that video, I explained that Yes Bank share price can touch Rs 130 and recently the stock completed its target. In this video, we will discuss if you are an investor or a trader, what you should do now with the Yes Bank share i.e. buy sell or hold on multiple trading setups.

On price action, Yes Bank is forming a double bottom. However, the past data suggest that before any up move, this share make 3-4 bottoms. The technical analysis also suggests that in the past, the typical accumulation zone is between Rs 157 and Rs 130. Also, you can observe 3 gaps on the chart of Yes Bank. It will definitely fill these gaps.

This stock can give good returns if it gives a breakout about Rs 157 and co-incidentally Rs 155 is also 20 period EMA for this stock. The price volume analysis suggests that some big players are active in this stock.

Nifty and Yes Bank does not have any strong correlation. Therefore, as an investor, you should not worry about the downward movement of the index. This stock is highly volatile and is news driven.

The option chain analysis suggests that during this expiry, this stock should trade between the range of 130 and 150. The weightage of Yes Bank in Bank Nifty is just 2.03%. However, it is very difficult for a stock to break the trend of its sector.