Yes Bank share price: Important levels that you can't afford to miss

Yes Bank share price has been trading around Rs 15 for the last one week. According to stock market experts, Yes Bank has strong support at Rs 12.00 to Rs 12.50 per stock levels and once it breaks this support then it would soon showcase a single digit figure. However, at the same time they also maintained that there can be a trend reversal if the support at Rs 12.00 to Rs 12.50 is maintained. They said that the trend reversal into the positive zone can see it go up to Rs 22.

Speaking on the Yes Bank share price outlook Mudit Goel, Senior Research Analyst at SMC said, "Yes Bank share price has strong support at Rs 12.00 per stock levels and those who hold Yes Bank should strictly maintain Rs 12 stop loss. If the support is maintained, then there can be a trend reversal in Yes Bank stocks and the trend reversal can be up to Rs 22 mark."

WATCH | Zee Business Live TV streaming below:

Highlighting the important levels that Yes Bank shares chart suggests, SEBI registered technical equity analyst Simi Bhaumik said, "Yes Bank shares have strong support at Rs 12.00 to Rs 12.50 levels and once this level is broken, the Yes Bank share price may go below Rs 10. So, one must maintain the stop loss at around Rs 12 and in case of trend reversal, it will soon showcase Rs 18 to Rs 22 levels."

On what would be the ideal strategy for Yes Bank stock investors if Rs 12 support is broken Bhaumik said, "If Rs 12.00 support is broken, Yes Bank share price will soon witness single digit figure. In that scenario, one should buy Yes Bank shares at around Rs 7.50 to Rs 8.00 and wait for the trend reversal for the same Rs 18 to Rs 22 targets."