Not the right time for Yes Bank

The private lending bank has been facing a lot of trouble in recovering its place in the market as the downfall of its shares continues. The bank is failing miserably in order to infuse some capital for its operation and sustaining in the market as it is necessary for the bank to take some action against its downfall of prices which has been continuing from past years. The company has an upper hand in handling the UPI transactions partnered with PhonePe and BharatPe which can also boost their performance if some additional capital is infused in re-building the bank.
The following chart shows the performance of the stock throughout the years as the red cloud has been continuing over past 6 months which shows the bearish trend for the stock in the market. The candlesticks formed are also below the cloud with the conversion line on top of the base line from December. The shares are at their high time low prices along with the continuing bearish trend.



The following graph shows the share price trend of the stock over a year which also shows the downfall of the price from May 2019. The bearish trend for the stock started in May 2019 which has been continuing till date as the bank’s share price has reached 52-week low price of Rs.32 in October 2019. Along with the declining prices, NSE has announced that the shares of Yes Bank Ltd will be scrapped off from Nifty 50 due to its low performance and also it is the only Nifty 50 stocks to trade in two-digit price. The graph also shows the percentage of decline that the share has experienced with its long-lasting bearish trend pushing the share price of the bank to its lowest. 




It is very risky to invest or if you’ve already invested in the private sector lending bank as the financial reports (fundamental) and the technical indicators does not provide positive signals for the bank. It’s not the time to say “Yes” for Yesbank.

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