Yes Bank share price: Target, history to forecast — all that you must know about this banking stock
Yes Bank share price history has been on phenomenal success and then came the crash. The lender has always remained in the news and investors are always keen to know how it has been doing.
Yes Bank share price history has been on phenomenal success and then came the crash. The lender has always remained in the news and investors are always keen to know how it has been doing. Well, lately there has been some change. The last five trade sessions suggest that Yes Bank share price has been range-bound in between Rs 15.50 to Rs 17.00 levels. As per the Yes Bank share outlook provided by stock market experts, its price target for immediate term is Rs 18 and once it breaks this level then there can be fresh momentum for the next 2 to 3 rupees. However, they also said that Yes Bank shares have immediate support at Rs 15 and on the breakage of this lower support, it may even go to Rs 12.50 levels.
Speaking on the Yes Bank share price target, Sumeet Bagadia, Executive Director at Choice Broking said, "Yes Bank share price has been trading in the range of Rs 15.50 to Rs 17.00. One can buy Yes Bank shares at a current price of Rs 16.00 (which is Wednesday close) for the target of Rs 18. But, the bulls in regard to Yes Bank shares must maintain the stop-loss below Rs 15 as it has strong support at around Rs 15 to Rs 15.50."
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On how to make money from Yes Bank shares, SEBI registered technical equity analyst Simi Bhaumik said, "For those who already hold Yes Bank shares, I would advise them to maintain a stop-loss around Rs 12.50 as below this level, they should not wait for long to regain the ground lost by this penny stock."
Bhaumik advised Yes Bank share holders to re-enter below Rs 10 as after breaking Rs 12.50 levels, it may even show single digit levels.
On her suggestion to the bulls in regard to Yes Bank, Bhaumik said, "On the upper side, Yes Bank has immediate resistance at Rs 18 to Rs 18.50 levels. Once, it breaks this level, one can expect it to zoom to Rs 20-22 levels - soon. But, Yes Bank investors must maintain the stop-loss while taking any position in the counter."
Bhaumik said that those who want to buy Yes Bank share at current price should maintain the stop-loss below Rs 15 as the level is working as current support.
In the last one month, Yes Bank share price history suggests that the private lender banking stock has made the lowest closing at Rs 15.60 while its highest closing was Rs 16.60. But, after closing at its one month high, Yes Bank share price has been going down in successive trade sessions.
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