Investors have paid higher prices over time to buy Yes Bank Limited and the stock is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The stock has broken a double bottom formation. A decisive break of the resistance at 16.55 will signal a rise to 18.01 or more.
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The stock has support at rupee 15.50 and
resistance at rupee 17.70. Volume has
previously been high at price tops and low at
price bottoms. Volume balance is also
positive, which strengthens the trend. The
stock is overall assessed as technically
positive for the medium long term.
