Yes Bank, is there a potential reversal on the cards?

١٧ ديسمبر ٢٠٢١

Another bad boy trying to get out of the doldrums..Yes Bank maybe in the latter part of a triangle pattern that may lead to a reversal..a risky trade, as like vodafone idea...target is 19.50, time to break out would be by 12 jan 2022 and time to reach target be march 23, 2022... Stop loss is price closing below the lower part of the triangle any day...the triangle is still in formation and has high chances of becoming a failure before confirmation so best for non risky traders to await confirmation of a breakout