Yes Bank share price closed today at ₹25.47, down -0.74% from yesterday’s ₹25.66. The stock has been fluctuating throughout the day, with analysts rating it as a sell. The consensus among analysts is to sell the stock, as it is currently trading between key support and resistance levels of ₹25.2 and ₹26.3.
The short term trend of Yes Bank share is bullish, while the long term trend is also bullish according to technical analysis. The stock’s simple moving average for different time periods is also showing positive trends.
Traders may want to consider rangebound trading strategies, such as buying near the hourly support levels and selling near the resistance levels. The stock’s price range for the day has been between ₹25.45 and ₹25.96.
Overall, Yes Bank’s stock price is reflecting the market sentiment, with peer banks like Canara Bank, IDBI Bank, Indian Bank, and UCO Bank also experiencing similar trends. The Nifty and Sensex indices are down slightly, indicating a cautious market environment.
Investors and traders should keep a close eye on the hourly support and resistance levels to make informed decisions about their trades. The stock volume yesterday was higher than the 20-day average, indicating increased trading activity.
In conclusion, Yes Bank’s share price is facing some downward pressure but is still within a bullish trend. Traders should exercise caution and closely monitor the support and resistance levels for potential trading opportunities.