yes bank

Yes Bank Detailed Analysis- Let us start from the weekly chart- Stock made a good base near 16 Rs. Daily chart Analysis- 1) Stock is retracing from 1.618 fibo levels of the last rally.. 2)RSI touched 50 and bounced back, which shows stock prices are picking up strength. 3)Stock price is sustaining near 100 days exponential moving average. Fundamental news-Japan’s SMBC may soon take over Yes Bank with a 51% stake. Overview- Yes bank is a good buy in any dip near 17.5-18 Rs with a stop of 16 for Target till 22-25.