Yes Bank Share Price | Indications on Yes Bank stock chart, important advice from broking firm, should the stock BUY or SELL – NSE: YESBANK
Yes Bank Share Price | On Tuesday i.e. 24th December, the stock market started with a slight rise. Since then there has been a slowdown in the stock market. Sluggish trading was also seen in the benchmark indices of the stock market. BSE Sensex was around 78,550 and NSE Nifty was above 23,750. Meanwhile, Arihant Capital broking firm has given important advice on Yes Bank shares. (Yes Bank Company Excerpt)
Current status of this bank share
Yes Bank shares were trading at Rs 19.82, down 0.45 percent on Tuesday, December 24, 2024. Yes Bank Ltd.'s 52-week high was Rs 32.85, while the stock hit Rs. The 52-week low was 19.02. The total market cap of Yes Bank Limited currently stands at Rs 62,230 crore.
Arihant Capital Broking Firm – Advice on Yes Bank Shares
Arihant Capital broking firm has issued SELL rating for Yes Bank shares. Arihant Capital broking firm has given a target price of Rs 15-13 for Yes Bank shares. According to Arihant Capital broking firm, Yes Bank may now fall from Rs 19.80 to Rs 15-13.
Arihant Capital Broking Firm – Yes Bank Weekly Chart Signals
According to Arihant Capital broking firm, signals of lower top lower bottom formation are visible on the weekly chart of Yes Bank. Apart from this, the momentum indicator RSI of Yes Bank is giving negative signals. Yes Bank shares are also underperforming the benchmark indices. Arihant Capital said the decline in Yes Bank shares is likely to continue as indicated on the weekly chart. This means that Yes Bank shares may fall by Rs 15-13 in the coming weeks. Therefore the brokerage has said that the stock should be SELL at the current level.
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