YES BANK Share Price: BREAKDOWN soon or a Breakout? BIG numbers - Check what experts have to say

YES BANK Share Price has been oscillating below Rs 15 levels for the last few sessions and stock market experts are of the opinion that there can be some trend reversal of even up to Rs 22 levels. They said that YES Bank stock has strong support at Rs 12 and one should maintain the stop-loss below Rs 12 if they already have bought a stake in the lender. According to them, YES BANK stock may showcase some upside bias and hit Rs 38-mark once it breaks Rs 22 resistance.

Speaking on YES BANK share price outlook, Mudit Goel, Senior Research Analyst at SMC said, "YES BANK share price can showcase some trend reversal up to Rs 22 but it can go further down if it breaks Rs 12 levels. The counter has sustained below Rs 22 for long and hence Rs 22 is the new resistance and once the stock breaks this resistance, we can see the YES BANK stock moving up to Rs 38." Goel advised YES BANK shareholders to maintain Rs 12 stop loss as breaking of this level means further fall in YES BANK shares.

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On what YES BANK shareholders should do now, SEBI registered technical equity analyst Simi Bhaumik said, "YES BANK share price has remained below Rs 22 for long and its 200 days DMA is around Rs 22. If the stock breaks this level, then there can be some fresh upside momentum expected. Right now, it has immediate resistance at Rs 18 and support at Rs 12.50."

Bhaumik advised YES BANK shareholders to maintain the stop loss below Rs 12 as it may fall below Rs 10 if it breaks the Rs 12.50 support. 

For those who intend to buy, she said purchase of YES BANK shares can be done below under Rs 10 for the immediate target of Rs 18 and 22.