YESBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | YESBANK | Market Cap | 68,672 Cr. | Current Price | 21.9 ₹ | High / Low | 24.3 ₹ |
| Stock P/E | 19.8 | Book Value | 16.3 ₹ | Dividend Yield | 0.00 % | ROCE | 5.96 % |
| ROE | 7.03 % | Face Value | 2.00 ₹ | DMA 50 | 20.7 ₹ | DMA 200 | 20.8 ₹ |
| Chg in FII Hold | 0.68 % | Chg in DII Hold | 0.69 % | PAT Qtr | 1,068 Cr. | PAT Prev Qtr | 952 Cr. |
| RSI | 59.3 | MACD | 0.58 | Volume | 9,31,00,512 | Avg Vol 1Wk | 9,66,99,796 |
| Low price | 17.2 ₹ | High price | 24.3 ₹ | PEG Ratio | 0.28 | Debt to equity | 7.52 |
| 52w Index | 66.0 % | Qtr Profit Var | 44.8 % | EPS | 1.11 ₹ | Industry PE | 14.5 |
📊 Chart Patterns & Trend: YESBANK is trading above both its 50 DMA (20.7 ₹) and 200 DMA (20.8 ₹), confirming bullish momentum. Price action shows an uptrend with consolidation near the 24.3 ₹ high. Trend bias remains positive but cautious due to high debt levels.
📈 Moving Averages: Current price (21.9 ₹) is above both DMA levels, reinforcing bullish undertone. Sustained trading above 22 ₹ strengthens outlook.
⚖️ RSI: At 59.3, RSI is neutral-to-positive, suggesting balanced momentum with potential for upside.
📉 MACD: Positive at 0.58, confirming bullish undertone and signaling continuation of upward momentum.
📊 Bollinger Bands: Price is near the middle band, indicating consolidation. A breakout above 22.5–23 ₹ could trigger fresh rally.
📦 Volume Trends: Current volume (9,31,00,512) is slightly below 1-week average (9,66,99,796), showing reduced participation but still strong liquidity.
🎯 Entry Zone: 21–22 ₹ (near DMA support).
🚪 Exit Zone: 23.5–24.3 ₹ (near resistance and 52-week high).
📌 Momentum Signal: Short-term bullish trend with consolidation near highs. A breakout above 24.3 ₹ could trigger fresh upside momentum.
Positive
- ✅ Strong ROCE (5.96%) and ROE (7.03%) show profitability improvement.
- ✅ EPS at 1.11 ₹ supports valuation strength.
- ✅ PAT improved from 952 Cr. to 1,068 Cr. quarter-on-quarter.
- ✅ PEG ratio at 0.28 indicates attractive growth prospects.
Limitation
- ⚠️ Debt-to-equity at 7.52 is very high, raising financial risk.
- ⚠️ Dividend yield at 0.00% limits income appeal.
- ⚠️ Current price still below 52-week high (24.3 ₹), showing resistance pressure.
Company Negative News
- 📉 Stock corrected from 52-week high (24.3 ₹) to current levels near 21.9 ₹.
- 📉 High leverage remains a concern for long-term stability.
Company Positive News
- 📈 FII holdings increased by 0.68%, reflecting foreign investor confidence.
- 📈 DII holdings increased by 0.69%, showing strong domestic institutional support.
- 📈 Quarterly profit variation at 44.8% highlights strong earnings momentum.
- 📈 Stock has delivered strong 52-week performance (66.0%).
Industry
- 🏭 Industry PE at 14.5 indicates sector is moderately valued compared to YESBANK’s higher P/E (19.8).
- 🏭 Banking sector outlook remains steady, supported by credit growth and institutional inflows.
Conclusion
🔎 YESBANK is in a bullish trend with consolidation near highs. Entry near 21–22 ₹ offers favorable risk-reward, while resistance at 23.5–24.3 ₹ should be watched for exits. A breakout above 24.3 ₹ could trigger fresh upside momentum. Investors should monitor debt levels and institutional flows for confirmation of sustained rally.