Yes Bank Share price can multiply 2x to 3x over this period, says expert
Avinash Gorakshkar, Director Research at ProfitMart Securities said that YES Bank stock is making a nice rounding pattern on weekly chart but on daily chart it is under consolidation. The trading range is Rs 13.50 to Rs 17.50 and once the key levels of Rs 17.50 is taken out, it can move up further. Notably, he said that Yes Bank stock can multiply 2-3X over a period 1-2 years
Ashish believes a breakout over the Rs 16.50 mark is critical. Under that scenario, Ashis anticipated the stock to move towards Rs 20.40, but investors must ensure they follow the stop-loss, which he pegged at Rs 13.70: Reuters