YESBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | YESBANK | Market Cap | 66,335 Cr. | Current Price | 21.1 ₹ | High / Low | 24.3 ₹ |
| Stock P/E | 21.1 | Book Value | 16.0 ₹ | Dividend Yield | 0.00 % | ROCE | 6.34 % |
| ROE | 5.38 % | Face Value | 2.00 ₹ | DMA 50 | 22.0 ₹ | DMA 200 | 21.3 ₹ |
| Chg in FII Hold | 0.79 % | Chg in DII Hold | 0.33 % | PAT Qtr | 952 Cr. | PAT Prev Qtr | 654 Cr. |
| RSI | 40.2 | MACD | -0.27 | Volume | 6,37,22,782 | Avg Vol 1Wk | 12,99,91,146 |
| Low price | 16.0 ₹ | High price | 24.3 ₹ | PEG Ratio | 0.68 | Debt to equity | 7.09 |
| 52w Index | 61.8 % | Qtr Profit Var | 55.4 % | EPS | 1.00 ₹ | Industry PE | 15.8 |
📊 Chart Patterns & Trend: YESBANK is trading below its 50 DMA (22.0 ₹) and slightly below the 200 DMA (21.3 ₹), indicating short-term weakness. Price action suggests consolidation between 20–22 ₹, with strong support at 20 ₹ and resistance near 22.5–24 ₹. Trendlines show sideways movement with mild bearish undertone.
📈 Moving Averages: Current price (21.1 ₹) is below the 50 DMA and near the 200 DMA, signaling indecision. A sustained move above 22.5 ₹ is required for reversal confirmation.
📉 RSI: At 40.2, RSI is neutral-to-weak, suggesting limited momentum and possible consolidation.
📉 MACD: Slightly negative at -0.27, confirming weak bearish momentum in the short term.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and potential support around 20–21 ₹.
📊 Volume Trends: Current volume (6.37 Cr. shares) is significantly below the 1-week average (12.99 Cr. shares), showing reduced participation and weak buying interest.
🎯 Entry Zone: 20–21 ₹ (near support, risk-managed entry).
🎯 Exit Zone: 22.5–24 ₹ (resistance zone, profit booking advisable).
📌 Momentum Signal: Weak short-term momentum, consolidation phase with bearish undertone. A breakout above 22.5 ₹ is needed to confirm reversal toward 24 ₹.
Positive
- Quarterly PAT growth from 654 Cr. to 952 Cr. (+55.4%) shows strong earnings momentum.
- EPS of 1.00 ₹ reflects earnings base.
- FII (+0.79%) and DII (+0.33%) holdings increased, reflecting investor confidence.
- PEG ratio of 0.68 indicates reasonable growth valuation.
Limitation
- Stock trading below 50 DMA and near 200 DMA shows technical weakness.
- High debt-to-equity ratio (7.09) indicates significant leverage risk.
- Weak ROCE (6.34%) and ROE (5.38%) highlight poor efficiency.
- Dividend yield is 0%, limiting investor returns.
Company Negative News
- High leverage risk with debt-to-equity ratio of 7.09.
- Weak efficiency metrics compared to peers.
Company Positive News
- Quarterly PAT growth highlights operational improvement.
- Institutional support increased with higher FII and DII holdings.
Industry
- Industry P/E at 15.8 indicates sector is cheaper compared to YESBANK’s higher valuation (21.1).
- 52-week index return of 61.8% shows strong sector momentum.
Conclusion
⚖️ YESBANK is consolidating near support with weak momentum and bearish undertones. Entry near 20–21 ₹ offers limited risk, while exits should be considered around 22.5–24 ₹ unless strong reversal occurs. Fundamentally challenged with high leverage, but showing earnings recovery, making it a cautious technical play in the near term.