Yes Bank share price below Rs 15! New support price, other important levels that you must not miss

Yes Bank share price has been trading below Rs 15 for the last one week and stock market experts are of the opinion that it has broken this support level. Now, Yes Bank support level dropped to around Rs 12 to Rs 12.50. However, they said that there will be sharp trend reversal and one can see Yes Bank share price hitting Rs 18 immediately once there is a trend reversal. Yet, they maintain that Yes Bank may go further down as far as under Rs 10 if it breaks Rs 12 support. In that case, one can buy Yes Bank shares and wait for the immediate targets of Rs 18, Rs 20 and Rs 22.

Speaking on the new levels that a Yes Bank shareholder must keep in mind, Mudit Goel, Senior Research Analyst at SMC said, "Yes Bank share price has been trading below Rs 15 and now it has new support at around Rs 12 to Rs 12.50 levels. Those who have Yes Bank shareholding should maintain stop loss around Rs 12." However, Goel said that there can be a sharp trend reversal and in that case the private lender stock may soon hit Rs 18 levels.

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Sharing the important levels for Yes Bank stock, SEBI registered technical equity analyst Simi Bhaumik said, "Yes Bank stock has strong immediate support at Rs 12 to Rs 12.50 and on the breakage of this level we can witness Yes Bank share price going below Rs 10. In that case one can buy Yes Bank at around Rs 7.50 to Rs 8.00 levels for the targets of Rs 18, Rs 20 and Rs 22."

However, Bhaumik advised Yes Bank shareholders to maintain the stop loss at Rs 12 and come out of their position if it is triggered. She advised them to take position at around Rs 7.50 to Rs 8.00 if their Rs 12 stop loss gets triggered.