Moneycontrol Be a Pro
Get App
Last Updated : Sep 17, 2018 11:05 AM IST | Source: Moneycontrol.com

Buy Yes Bank, target Rs 370: Shabbir Kayyumi

Principal of polarity can provide strong support in coming sessions. Aforementioned rationale suggests buying in the scrip around Rs 320 for the target of Rs 370 with the stop loss of Rs 305 mark, says Shabbir Kayyumi of Narnolia Financial Advisors.

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shabbir Kayyumi

Narnolia Financial Advisors

Yes Bank seems bottoming out at its lower levels of Rs 310 mark from where it formed morning star on daily chart suggesting upsurge on the higher side.

The scrip took support from its upward sloping line along with declining histogram in the negative territory of MACD and oversold RSI on the daily chart are giving cues that scrip can take a turn on northward side.

Close

Principal of polarity can provide strong support in coming sessions. Aforementioned rationale suggests buying in the scrip around Rs 320 for the target of Rs 370 with the stop loss of Rs 305 mark.

Disclaimer: The author is Head – Technical & Derivative Research at Narnolia Financial Advisors Ltd. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Sep 17, 2018 11:05 am
Loading...
Sections
Follow us on
Available On