YES Bank - People flocking around this stock as if their life depends on it, has been a big pain in the neck for many.
Lets us see how it might pan out in coming days/Week/Month - technical view.
The MACD indicator (Monthly Time Frame) is well below the Zero line, which tells a story that...its still not out of the woods, any upside can be used as an opportunity to come out of this stock. But on weekly & Daily Time frame it seems it will keep on giving small bounces, which can be used to come out of the stock.
It will take atleast 6/8 months for it to turn around (in case, if there is some good news) & then we will have consolidation a very low levels of 5/10/15 & after that we need to analyze more if it will go up or not.
Untill then , my view is to stay away from this stock, if you are thinking of investing & for trading its always a treat.
Lets us see how it might pan out in coming days/Week/Month - technical view.
The MACD indicator (Monthly Time Frame) is well below the Zero line, which tells a story that...its still not out of the woods, any upside can be used as an opportunity to come out of this stock. But on weekly & Daily Time frame it seems it will keep on giving small bounces, which can be used to come out of the stock.
It will take atleast 6/8 months for it to turn around (in case, if there is some good news) & then we will have consolidation a very low levels of 5/10/15 & after that we need to analyze more if it will go up or not.
Untill then , my view is to stay away from this stock, if you are thinking of investing & for trading its always a treat.