About Me

My photo
Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Thursday, 4 February 2016

Yes Bank: 790-820 May Be A Good Supply Zone

Great Rally Of 25% In The Last Few Weeks;
But Has To Sustain Above 790-820 For Further Rally Up To 910-950;
Otherwise, Expect Some Corrections 

CMP: 778

Sell either below 770 or on rise around: 790-805

TGT: 730-705*-651-631 (1-3M)

TSL> 820

Note: Consecutive three days closing above 820 for any reason, Yes Bank may further rally to 850*-875 & 910-950 zone in the mid to long term (alternative bullish scenario)

Although Q3FY16 result was above street estimates and has less provision, going ahead, bank's metal & EPC portfolio may cause some strain. 

Also, retail loan portfolio is not immune to any systemic NPA problem and if there is no significant economic recovery, retail loans may come under some stress. SBI's recent teaser home loan may be indicating some sort of retail stress.

Analytical Charts:








Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)