☕ Yes Bank – Cup Pattern Formation Near Breakout Zone

📊 Technical Structure (Daily Chart) Pattern: The chart shows a classic Cup pattern forming over the past 10 months, with resistance around ₹21.90–₹22.30. The structure indicates a gradual accumulation followed by an attempt to break out of long-term resistance. Breakout Level: ₹22.30 – once crossed and sustained, it confirms the Cup breakout, with higher volumes acting as confirmation. MACD: Trending positively with rising histogram bars, showing bullish momentum. AVWAP: The anchored VWAP from the last major swing high aligns near ₹21.80, currently being retested — turning it into a potential support level. 🧭 Key Levels Resistance Zone: ₹21.90–₹22.30 (neckline) Support Zone: ₹20.00–₹20.40 Breakout Target 1: ₹23.80 Breakout Target 2: ₹25.50 Invalidation: Close below ₹19.80 💡 Fundamental Snapshot While Yes Bank continues to face challenges in profitability, its asset quality has improved, and credit growth has stabilized. GNPA has reduced YoY. Retail lending segment shows healthy traction. Recent quarters indicate consistent operational recovery. 🎯 View Yes Bank is at the edge of a multi-month breakout. A decisive daily close above ₹22.30 with strong volume could open room for a 10–15% short-term rally. Positional traders can consider accumulation above ₹22.30 with a stop below ₹19.80.