Yes Bank share price: Is a breakdown coming? Should you buy? Check expert view

Yes Bank share price today has crossed the Rs 15-mark. It shot up to Rs 15.15 soon after the opening bell. According to experts, Yes Bank will retain its positive bias till it's trading above Rs 12.50-mark. Importantly, for investors, they recommended a 'buy on dips' strategy and pegged immediate support at Rs 15.

Speaking on the Yes Bank share price outlook, Sumeet Bagadia, Executive Director at Choice Broking said, "Yes Bank has strong support at Rs 15 and one can buy at today's price keeping stop-loss below Rs 15 for the target of Rs 18. If the Yes Bank manages to break the Rs 18-level, it can even go up to Rs 20 and then Rs 22 odd levels as well."

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Highlighting the important levels for Yes Bank shares in the technical charts, SEBI registered technical equity analyst Simi Bhaumik said, "Yes Bank shares have strong support at Rs 12.50 while it has immediate support at Rs 15. If it breaks Rs 15-level, it may go down up to Rs 12.50. Those who hold Yes Bank shares should maintain the stop-loss at Rs 12.50 and if it rises from here onwards, then my advice is to book profit at around Rs 18 as Yes Bank is broadly trading in the range of Rs 12.50 to Rs 18."