Yes Bank

Scrip Name: YESBANK CMP :373.65	Comment
Trade Check List
Is Stock Trading Above or Below Bollinger Band Level	Below band
Is ADX is < 20 & RSI Value	35.71, & 29.21
Support Level	364.7, 355.6
Resistance Level	387.6, 401.5
Action, Target	Buy, 20 EMA- 442

Yes bank has been beaten down heavily as RBI crunching the liquidity. Since Yes bank business focuses mainly on wholesale funding, this liquidity pressure may take them down for a short term period(until RBI increases the liquidity).  

However, I feel Yes bank as been shorted heavily(Over reacted) to this news. Its a good time to enter into this stock for medium term perspective. I believe it will reap us better returns going long in this stock.

* Odds favoring the trade

1. Trading way below the bollinger band.

2. RSI indicating its been oversold condition.

* Odds against Trade.

1. Big boys( Credit suisse, Merrill lynch) have reduced there target. ( I feel there are over reacting).

2. Its Operating margin as been increased. ( It happens when bank widens its branches, it has added >200 retail branch in '12-'13).