Yes Bank has been trading in bearish channel, since it broke up trend with steep downside, it has formed a bearish flag pattern and the pattern has broken. it seems to be heading towards measured flag distance somewhere between 965-963 in near term, it is also on the edge, and may form breakout if market go green otherwise it will continue to its target, traders may enter short on retest of of resistance around 1198 and short with small stop loss with a target of 965 in near term.
Transaction en cours:
Stay short Yes Bank till target