YESBANK Breaking out?

11 בדצמ׳ 2021

YESBANK was getting continuous resistance from 200DMA for a year since Nov'20 (as mentioned in our previous update on this stock in Oct'21, link below). The stock has finally gathered enough steam and has broken out of the 200DMA with volume. Is this a real breakout or will this be a fakeout and the stock will go back below the crucial 200DMA? We will watch out for the price action in this zone and update.