Yes Bank Ltd Strongly Avoid Bottom Buying

Yes Bank Ltd. is witnessing significant technical weakness following the Supreme Court's decision on AT-1 bonds, which has intensified selling pressure and increased uncertainty surrounding the bank's capital position and profitability. As observed on the long-term chart, the stock faces strong resistance in the ₹24–₹25 zone, where repeated recovery attempts have encountered selling pressure. The latest sharp bearish candle, dragging the price towards ₹17.61, indicates weakening investor confidence and a continuation of the prevailing downward trajectory. The stock's immediate support is placed near ₹16.08, followed by a major support zone around ₹14.49. A decisive breakdown below ₹16.08 could expose the stock to further downside risk. Although the sharp correction may attract retail investors attempting bottom-fishing, buying merely because the share price has declined significantly can prove risky. Investors should avoid aggressive accumulation until the stock demonstrates sustained buying interest and a confirmed reversal. Investment Strategy: Strongly avoid fresh accumulation at current levels. A sustained monthly close above ₹25, followed by continued strength, is essential to improve the long-term technical outlook. Until this breakout is confirmed, rallies may attract selling pressure, and capital preservation should remain the priority.