Monday, July 23, 2012

Yes Bank

                                                                          Yes Bank daily chart (click on chart to zoom)

Today Yes Bank on daily chart broke upward trading channel, it also broke 20 and 100 DMAs. Which is a bearish sign in short term. In downside immediate support is due to 50 DMA (blue line on the chart) if that broken downside stock may slide down upto 320 in short term.
Stop loss at 350 recommended on short position.