Large gains today when the broader market has been selling off. Yes Bank popped up on our technical radar again.

  • Bullish Engulfing forming after a sharp sell-off.
  • Large lower shadow formed after the sell-off after the results day.
  • Large volumes on the same day indicate the selling exhaustion for short term.

The above points lead us to believe that there is further upside left in the counter and the first target one could expect from a technical standpoint is 97.