YES Bank Ltd. - WEEKKLY

YES Bank Ltd.

Price is clearly maintaining a down trend as per the weekly chart. there is no lucrative change found which can produce reversal.

The same support and resistance will remain intact for the present situation.

RSI is moving up from 40 level.
***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH***
***TE BANDS ARE IN RED ZONE***

Breakout & sustainable trading above 32 can increase short term bullish sentiment.

Closing below 5 MA: 28 may increase short term weakness and breakdown below 27 can increase weakness further.

KEEP AN EYE!!
#tradingedge_academy #SMTA_institute