🏦 YES BANK: Multi-Year Cup & Handle Breakout Signals Potential Re-Rating

After years of consolidation and recovery, YES Bank is showing one of its strongest technical structures in recent times. The stock has completed a large Cup & Handle formation on the weekly chart and is now attempting to break above the critical ₹24–25 resistance zone. A successful breakout could mark the beginning of a fresh long-term uptrend. 🎯 Key Levels to Watch Major Breakout Zone: ₹24–25 Immediate Support: ₹23–24 Initial Upside Target: ₹28–30 Extended Pattern Target: ₹32–35 if breakout momentum sustains. Risk Management: A weekly close back below the breakout zone would weaken the bullish outlook. 💡 Conclusion YES Bank is displaying a compelling combination of Cup & Handle breakout, Elliott Wave trend initiation, bullish MACD divergence, AVWAP support, and improving fundamentals. The breakout above a multi-year resistance zone suggests that the stock may be entering a new phase of market confidence and price expansion. When a stock emerges from a long accumulation phase and breaks a major resistance level, it often attracts fresh institutional interest. YES Bank appears to be approaching that inflection point. 🚀📊