Yes bank

YES Bank has successfully broken above the long-term descending trendline, indicating a shift in sentiment from bearish to bullish. After the breakout, the stock witnessed a strong rally and is now consolidating above the breakout zone, suggesting healthy profit booking rather than a trend reversal. As long as the price sustains above the ₹23.0–23.3 support zone, the bullish structure remains intact and the stock may resume its upward move after the current consolidation.