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Friday, April 4, 2014

YESBANK - Near term / Short term / Long term Update - 04 Apr 2014

YesBank has managed to fill our short term target 418 & made a high of 422 vs our short term Resistance 421 and closed @ 412

Daily Trend is indicating bearish momentum in play. Weekly & Monthly indicators are suggesting firm bullish, the candle stick pattern of monthly trend indicates the formation is complete.

Yes Bank Next Support Level is @ 343 however above 421 upside target or intermediate resistance @ 499 Break out will give us 674/752 However below 343 downside capped @ 265

Intraday Bearish momentum is targeting 404 below that activates 376


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