YESBANK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.7

📈 YESBANK is currently in a trending phase with bullish short-term momentum and strong volume breakout. Entry zone: ₹21.6–₹22.7; exit zone: ₹23.8–₹24.3. Watch for RSI crossing 60 and MACD expansion to confirm sustained upside.

📊 Technical Overview

• Price Action: Trading at ₹22.7, above both 50-DMA (₹21.6) and 200-DMA (₹20.5), indicating bullish trend continuation.
• RSI (56.7): Bullish zone, suggesting upward momentum with room before overbought territory.
• MACD (0.34): Bullish crossover, confirming positive momentum.
• Bollinger Bands: Price near upper band, indicating strength but possible short-term resistance.
• Volume: Nearly 2x the 1-week average, showing strong buying interest and breakout conviction.
• Support Zones: ₹21.6 (S1), ₹20.5 (S2)
• Resistance Zones: ₹23.8 (R1), ₹24.3 (R2)

✅ Positive

• EPS of ₹0.89 supports valuation and earnings visibility.
• Quarterly PAT of ₹654 Cr. shows consistent profitability.
• PEG ratio of 0.82 indicates reasonable valuation relative to growth.
• FII holdings increased (+20.0%), showing strong foreign investor confidence.

⚠️ Limitation

• Stock P/E (25.4) is above industry average (14.6), indicating premium pricing.
• ROCE (6.34%) and ROE (5.38%) reflect modest capital efficiency.
• Debt-to-equity ratio of 7.28 is high, raising financial risk concerns.
• DII holdings declined (-19.5%), reflecting cautious domestic sentiment.

📉 Company Negative News

• Quarterly PAT dropped from ₹801 Cr. to ₹654 Cr., indicating earnings pressure.

📈 Company Positive News

• Strong volume and MACD crossover suggest bullish sentiment among traders.
• Price action above key moving averages confirms short-term strength.

🏢 Industry

• Banking sector benefits from rising credit demand and improving asset quality.
• Industry P/E of 14.6 reflects conservative valuation across peers.

🧭 Conclusion

• YESBANK is trending upward with bullish technical indicators and strong volume support.
• Entry zone: ₹21.6–₹22.7; exit zone: ₹23.8–₹24.3 for short-term swing trades.
• Long-term investors should monitor debt levels and earnings consistency before accumulating further.