Yes Bank Share Price Target 15th Dec 2015
Yes Bank Minor Trend is down. Yes Bank Major Trend is also down. Yes Bank overall chart structure is very weak and we do not see such structures outperforming rather we see the counter / stock under performing benchmark index by a good margin. We expect Yes Bank Share Price to under perform even the bank Nifty. We have been saying this for a while now kindly avoid stocks like Axis Bank, Icici Bank, Yes Bank their main trend is down. With some astro cycles support we could see these private sector banks just giving some minor bounce backs. These bounce backs must be used to exit long positions as we do not see these banks outperforming Nifty or Bank Nifty and when these set of stocks are not going to outperform then why own them?
Anyways if you are long in any of these private sector banks then there is no need to panic now, just manage positions for now as after 17th Dec 2015 there is a minor positive time cycle for Banking stocks and we could see these stocks giving decent bounce backs. Please understand that I am not for one minute suggesting long positions here. The charts of these stocks are clearly indicating that something terribly has gone wrong and that information is with the smart money who are dumping these stocks and price and volumes indicators are clearly indicating that. Hence please do not buy these stocks. If you are stuck in them on a bounce please switch out to sugar stocks like Renuka Sugar, bajaj Hindustan and Eid Parry.
Good Trading To You!