YESBANK - TREND REVERSAL PATTERN FORMATION

6 Apr 2022

YESBANK

=Rectangle formation after a bear trend indicating short term trend reversal.

Yes bank has witnessed a very long bearish downtrend.


Yes bank has taken a support of lifetime low and its is consolidating heavily around that zone for more than a year


Have given a breakout from rectangle formation on daily timeframe with volume spike.


This might give follow up move in some time

Take small quantity above 15.25 for a swing trade and keep accumulating more on the breakout test zone.

# Have discussed how to trade rectangle pattern refer it for more detail.


Hope you found this helpful and I sincerely hope you find a ton of good rectangle formations to trade-in!

Happy Trading!

7 Apr 2022

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