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YES Bank Share Price: Analyst Forecasts and Insights on Future Movements

Estimated reading time: 2 minutes

YES Bank Share Price: The first trading session of 2024 witnessed domestic stock indices ending on a flat note as global cues failed to provide a clear direction. The BSE Sensex eked out a modest gain of 31.68 points, closing at 72,271.94, while the NSE Nifty saw a slight uptick of 10.50 points, settling at 21,741.90.

Britannia Industries: Buy | Target Price: Rs 5,700-6,070 | Stop Loss: Rs 5,180

Britannia Industries showcased a robust rally, surpassing key moving averages, and establishing a higher bottom formation on the daily chart. Breaking above the crucial Rs 5,270 level, the stock is poised for further gains towards Rs 5,700 and Rs 6,070 in the medium term. Immediate support is expected near Rs 5,180.

Hold on to Reliance Industries with a Target Price of Rs 2,730-2,850 and a Stop Loss set at Rs 2,470.

Reliance Industries exhibited significant gains after the breakout from a descending channel. Approaching the previous peak zone around Rs 2,630, the stock may face resistance. A breach below Rs 2,470 weakens the bias, while a decisive breach above Rs 2,630 could signal fresh targets at Rs 2,730 and Rs 2,850 in the medium term.

YES Bank: Hold | Target Price: Rs 24.75-28.50 | Stop Loss: Rs 20

YES Bank’s recent climb from Rs 15.80, forming higher lows, indicates further potential upon breaching the Rs 23 level. Targets at Rs 24.75 and Rs 28.50 are plausible, but a decisive drop below Rs 20 weakens the stock’s bias. Investors are advised to closely monitor these key stocks for potential movements in the upcoming trading sessions.

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