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YES BANK LTD

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YESBANK trade ideas

Discount, Sale, Cheap, Affordable..This Chart was prepared at the start of 2019 when I started trading futures on Yes bank and saw a particular pattern which played that no matter what, the stock respects the MAJOR S/D levels. Apart from that, fundamentally, the company`s quarterly results were the cause for the major plummet from mid 200 to the current levels and prior to that the push was based on optimism from RBI giving green signal and again in DEC 2018/ Jan Mid 2019, there was a push in the stock from 180 to 245 based on previous CEO stepping down and being replaced. Hence, this stock is best for those who love volatility because the opportunity is there on both sides and you can tame it well when you know major levels on the stock. However, I am not interested in going short from these levels and I will be buying the dips on every support I can see from here.. this is purely a positional trade and this could take 6 months to a year. First Entry: 128-130 looks good but not promising. Still, to have a taste of it, I would have a minor exposure around that area but given the political situation in India and the volatility coming up, I am expecting one dip for Institutions to load heavy from sub 110 levels. Hence, that's the spot, I will be having major exposure and I will keep on adding until I00. Overall, I am looking for 5000 shares @ that price. hence, a start of 500 will be a pure test @ 128. Good luck ! you don't get the price so cheap. P.S.: I have also heard rumors from Institutional bookmakers that this stock is headed for 750-800 levels in the next 24 / 36 months but for now, let's focus on the current Price action.
NSE:YESBANKLong
by RyanVarghese
Yes Bank touches 61.8 Fib levels on long term Weekly chartsAlthough 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?
NSE:YESBANKLong
by traderparag
1
[Contrarian Swing Trade] YES BankCan't stress this enough, highly against the primary trend trade, manage your risk well. Premise: Wicked it's low at bi-weekly demand order-block (support) At a high volume node Weekly closed 10% above weekly low, tempting me to take a long call on it with well managed risk. Target - 213.5 STOP - 159 Interesting thought for reality check: Yes Banks current book value is at Rs 116.2, which is trading at a price to book of 1.5 times. Which is fair enough for a private bank. A book value of Rs 116.2 puts the book size at Rs 26,900 Crs. The book value of Yes bank will come down by Rs 5,000 – 6,000 Cr in next one year owing to higher provisions. This will effectively put book value price at post one year will be at between Rs 90 – 95. Considering its growth rate in near term and its asset quality a 1.3 times book can be given. This puts the stock in the range of Rs 115 – 125. This is the range where the stock appears decently valued based on its future price to book. If it goes below that then it might start looking as an attractive investment option.
NSE:YESBANKLong
by marzil