Yes Bank Share Price: Experts unveil this money making strategy in this stock
Yes Bank Share Price: Yes Bank stock has been range-bound in between Rs 15.50 to Rs 17.00 in the last one month. According to stock market experts, one can buy Yes Bank shares for the target of Rs 18 to Rs 18.50 and maintain the stop loss below Rs 15 per stock levels.
Yes Bank Share Price: Yes Bank stock has been range-bound in between Rs 15.50 to Rs 17.00 in the last one month. According to stock market experts, one can buy Yes Bank shares for the target of Rs 18 to Rs 18.50 and maintain the stop loss below Rs 15 per stock levels. They also said that those who hold Yes Bank stock, should maintain a stop loss around Rs 12.50 and if the banking share hits this stop loss then it would become more bearish and one should wait for the levels below Rs 10 for re-enteringpurposes. Yes Bank share price today is showcasing movement at around Rs 16 to Rs 16.50 per stock levels.
Speaking on Yes Bank share price target for the bulls, Sumeet Bagadia, Executive Director at Choice Broking said, "One can buy Yes Bank shares at current price for the target of Rs 18. But, the bulls in regard to Yes Bank shares must maintain the stop loss below Rs 15 as it has strong support at around Rs 15 to Rs 15.50 per stock levels."
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On what should be the money making strategy for those who hold Yes Bank shares, SEBI registered technical equity analyst Simi Bhaumik said, "For those who hold Yes Bank shares, my advice for them to maintain a stop loss around Rs 12.50 as below this level, one should not wait for the long to regain the ground lost by this penny stock. This will happen when immediate support of Rs 15 is broken."
Bhaumik advised Yes Bank share holders to re-enter below Rs 10 as after breaking Rs 12.50 levels, it would soon showcase single digit levels.
On her suggestion to the bulls in regard to Yes Bank, Bhaumik said, "On the upper side, Yes Bank has immediate resistance at Rs 18 to Rs 18.50 levels. Once, it breaks this level, one can expect it to zoom at Rs 20-22 levels soon. But, Yes Bank investors must maintain the stop loss while taking any position in the counter." Bhaumik said that those who want to buy Yes Bank share at current price should maintain the stop loss below Rs 15 as the level is working as current support for Yes Bank share price.
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