Yes Bank touches 61.8 Fib levels on long term Weekly charts
Although the recent fall in Yes Bank is purely due to the news and hence is fundamental, charts are showing the important Fibonacci levels Yes Bank has been touching on each of these falls in the past 3-4 weeks.
If Yes Bank is to fall any further from here, then 78.6 levels (120) is on the cards, however, it is highly unlikely and most probably we would see a bounce back from the important 61.8 current fib levels to upto 260 & then some consolidation before going further up?
If Yes Bank is to fall any further from here, then 78.6 levels (120) is on the cards, however, it is highly unlikely and most probably we would see a bounce back from the important 61.8 current fib levels to upto 260 & then some consolidation before going further up?
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Yes Bank now looks poised to return to 250+ levels...