YESBANK: As I said nearing second bottom
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When I posted a chart on YESBANK on 17-11-19, the price was 68.70.
I said that YESBANK will form triple bottom. Now it has came all the way down to 40 to find the second bottom. CMP - 43.55. The stock price is not yet out of woods. Chances for some 3 rupees up (47) and then 8 to 10 rupees down(36-38). If it goes up from this level or after finding bottom at around 36 it will move up to 80-100 rupees and then come down to form the third bottom. This is according to my EW knowledge and labelling. Do your own analyses based on price action and act accordingly.
I said that YESBANK will form triple bottom. Now it has came all the way down to 40 to find the second bottom. CMP - 43.55. The stock price is not yet out of woods. Chances for some 3 rupees up (47) and then 8 to 10 rupees down(36-38). If it goes up from this level or after finding bottom at around 36 it will move up to 80-100 rupees and then come down to form the third bottom. This is according to my EW knowledge and labelling. Do your own analyses based on price action and act accordingly.
Nota
On Monday the completion of second bottom will be decided.
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