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Yes Bank Stock Investment is the hot discussion topic among investors. However, It is very important to do a 360-degree analysis before you decide to invest in a Yes Bank Stock. In this video, I have shared the Yes Bank Analysis on multiple technical setups and systems that will help an investor.
On the price action, the Yes Bank stock is trading in a descending channel. Any breakout should be supported by a volume. It is observed that the up move of a stock is speculative and not supported by the volume. Whereas the down move is supported by volume. It implies that smart money is offloading its position the stock.
The stock is currently trading near its 20-period Exponential Moving Average. The gap between the 20 and 200 periods EMA is still intact and it implies that the trend of the stock is still not changed.
The stock is following Heikin Ashi candles and the Stochastic RSI trading system. The delivery % data of the yes bank technical analysis suggest that delivery % decrease during up move and it increases during the down move. Therefore, it suggests a delivery based selling and speculative up move.
There is NO correlation between the movement of the Yes Bank and the Nifty. Also, it is the worst-performing banking stock.
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