Yes Bank Ltd on an intraday 60-minutes chart stock
price at Rs. 1173.85 has given the breakout of downward sloping trend line at
Rs. 1164, indicate rally will continue towards Rs. 1210 level, further 1320. Likewise,
stock price is making higher high pattern with increase in volumes. Momentum
Oscillator MACD is heading north and given positive crossover, which further
add bullishness into stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs.1174 for the target of Rs. 1245/1320 levels, with
Rs. 1140 stop loss on closing basis.
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