Yes Bank Share price: This is what Choice Broking highlights
Sumeet Bagadia, Executive Director, Research at Choice Broking highlights technical analysis on Yes Bank share price. He says that on the daily chart, Yes Bank has been trading in the Symmetrical Triangle pattern and is finding resistance at 200 days Simple Moving Averages. Yes Bank has sustained below Ichimoku Cloud Formation, which is indicating a bearish move for the long term.
Anand Rathi says that Yes Bank margin expansion, higher non-interest income and lower opex led to a sharp, 1008 bps, sequential decrease in Cost to income ratio, which improved to 39.2%: Reuters