YESBANK 200DMA Rejection

19 באוק׳ 2021

YESBANK saw rejection at its 200 Day Moving Average (200DMA green line), yet again. Every time the price of the stock has hit its 200DMA from below, we have seen bullish rejection and the price has followed through on the bearish side. Today we saw another rejection at the 200DMA. Low risk short can be initiated here with stop loss above the 200DMA for price to get back toward the lower end of the range at 11.50.