YES BANK Share Price: What now - Breakthrough? You just cannot afford to miss these tips

YES BANK Share Price: After soaring over 16 per cent during intraday trading last week, Yes Bank share price managed to make a breakout and sustain above Rs 15. However, after that one day of sunshine this private lender's scrip has once again landed in the range-bound zone, but it is managing to sustain above Rs 15-mark. According to market experts, Yes Bank shares have a new support at Rs 13 and have resistance at Rs 18. Current range of Yes Bank share price is Rs 13 to Rs 18. So, what will it be now - Breakthrough or breakdown? Experts say this can only be decided on a breakage happening on either side of this range.

Speaking on the Yes Bank share price outlook, Mudit Goel, Senior Research Analyst at SMC said, "One should not buy Yes Bank at current levels as it has become a sell on rise stock. For those who hold Yes Bank, my advice is to maintain the stop-loss at Rs 13 and wait for the breakout above Rs 18. Once it breaks Rs 18 resistance ,it may go up to Rs 20 and Rs 22."

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Sharing important levels, SEBI registered technical equity analyst Simi Bhaumik said, "Once Yes Bank stock breaks Rs 18 resistance, it will soon go up to Rs 22 but if it fails to make a breakout and suffers breakdown below Rs 12, then it will showcase a single digit price and at that time I would advise investors to buy Yes Bank in the range of Rs 7.50 to Rs 8.0 for the target of Rs 15, 18, 20 and Rs 22."

Bhaumik also advised investors to avoid taking any new position in Yes Bank stock at current levels.