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THREETREND RESEARCH

20th Oct · SEBI-Registered Analyst

YES BANK

YESBANK
The chart of Yes Bank Limited (1D timeframe) shows a clear rising channel pattern, marked by two parallel trendlines connecting higher highs and higher lows — indicating a gradual uptrend. The price recently faced resistance near the upper boundary of the channel around ₹24 and has started a minor pullback, which is a healthy correction within the uptrend. As long as the price holds above the lower trendline support near ₹19–₹20, the bullish structure remains intact. A bounce from current levels or near support could resume the upward momentum, while a breakout above the upper channel line may lead to strong continuation toward new highs.

#FundamentalViews#TechnicalViews
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