Yes Bank share price history suggests that the private lender stock is trading tepid in the range of Rs 15.50 to Rs 17.00. However, if we go by the stock market experts' view, Yes Bank shares can either breakdown and go into the single digit number or there can be a breakout and the stock may go up to Rs 22 per stock levels.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Speaking on the Yes Bank share price targets, Sumeet Bagadia, Executive Director at Choice Broking said, "Yes Bank stock is facing resistance at Rs 18 and has immediate support at Rs 15. So, the private lender stock is trading in the range of Rs 15 to Rs 18. One can buy Yes Bank shares at around Rs 16 mark for the target of Rs 17.50 to Rs 18." However, Bagadia advised traders and investors to strictly maintain the stop-loss at Rs 15.

Speculating that Yes Bank shares can either breakout and break Rs 18 resistance or breakdown and trigger the stop loss below its immediate support of Rs 15; SEBI registered technical equity analyst Simi Bhaumik said, "Yes Bank has immediate support at Rs 15 but has strong support at Rs 12.50 mark. On breakage of this support, Yes Bank may go below Rs 10 and hit the single digit figure. So, my advice for traders is to maintain the strict stop loss and if it triggers, they should re-enter at below Rs 10 per Yes Bank share price levels."

WATCH | Click on Zee Business Live TV Streaming Below:

Bhaumik said that if the Yes Bank makes a breakout and breaks the Rs 18 resistance, one should hold the stock for the target of Rs 20 to Rs 22 and book profit in this range.