Yes Bank Share Price Prediction: Experts predict BOUNCEBACK! Important levels that you must know

Yes Bank Share Price Prediction: Yes Bank shares had a range-bound trade session yesterday but it managed to close at Rs 15.55 — 0.32 per cent down from its previous close but above Rs 15 psychological level. According to stock market experts, Yes Bank may bounceback and go up to Rs 17 to Rs 18 levels in immediate terms. They said that Yes Bank stock price is facing resistance at Rs 18 and once it breaks this level, it may go up to Rs 22.

Speaking on the Yes Bank share price target; Sumeet Bagadia, Executive Director at Choice Broking said, "Yes Bank daily chart suggests an upside movement. Yes Bank share price is currently at its oversold zone, which points to a bounce back move in the counter. Furthermore, Yes Bank has shown positive crossover on the daily chart which adds more bullishness to the price of Yes Bank, says Sumeet. Based on the above technical structure, Sumeet is expecting an upside move in the counter up to the level of Rs 17.50 to Rs 18 levels with the support of Rs 12.50."

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Unveiling major levels visible at daily chart of the Yes Bank shares; Simi Bhaumik, a SEBI registered technical equity analyst said, "Yes Bank share price has currently strong support at Rs 12.50 and those who have Yes Bank shares in their portfolio must maintain the stop loss at Rs 12.50 and wait for the trend reversal or bounceback."

Bhaumik said that Yes Bank share price has an immediate hurdle at Rs 18 and once it breaks this level it may showcase Rs 20 and Rs 22 levels in the coming trade sessions. But, she also advised Yes Bank share holders to come out of their position if the Rs 12.50 stop loss triggers.