YES BANK share price jumps! Investors must keep these new levels in mind now, say experts

YES BANK Share Price closed at Rs 15.75 on 1st April 2021 — sustaining above the psychological Rs 15-mark. Importantly, after a gap of three days, Yes Bank share price today opened 0.64 per cent up at Rs 15.80. As per market experts, traders and investors must keep some important levels in mind now that includes support, resistance and next breakout or breakdown.

Advising share market investors to wait if they want to buy, Mudit Goel, Senior Research Analyst at SMC said, "Yes Bank is now a sell-on-rise scrip as it has strong resistance at Rs 18. If it manages to break this Rs 18 resistance, it has another strong resistance at Rs 20 mark. I suggest the stop-loss at Rs 13." Goel said that Yes Bank may gain fresh momentum if it manages to sustain above Rs 15.75 levels (it's previous close) for the next few hours.

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Asking everyone to avoid any fresh buying in Yes Bank shares, Simi Bhaumik, a SEBI registered technical equity analyst said, "YES BANK share price has immediate resistance at Rs 18 and on the breakage of this level it may go up to Rs 20 and Rs 22. However, I would advise Yes Bank shareholders to come out of their position if it further goes down below Rs 12.50 and in that case it may soon hit the single digit number."

Bhaumik advised YES BANK share holders to re-enter at Rs 7.50 to Rs 8 per stock levels if the stop-loss gets triggered at Rs 12.50.