Yes Bank Ltd. CMP—Rs 289.55

Technical Outlook & Trading Strategy:-

The price of Yes Bank has registered a breakdown from its rising trendline support (Weekly Chart).

On the daily chart the stock is trading below its 200 Day moving averages, which is a negative sign.

We believe that this breakdown suggests that the stock price could decline towards the levels of Rs 278 /Rs 272 in the near term.

We recommend sell at current level and again on pullback to the levels of Rs 294- Rs 296 with a stoploss placed above Rs 300.45

Hero Moto Corp Ltd. CMP—Rs 1939.55

Technical Outlook & Trading Strategy:-

The price of Hero Moto Corp has registered a breakout from an inverted head and shoulder formation (Weekly Chart).

This is a bullish formation and the measuring implication of the pattern suggests that the price can advance to levels of Rs 1995 and Rs 2040 levels.

The momentum indicators have also turned into buy mode which displays strength in the

counter.

Traders can look to buy at current levels with a stop loss placed below Rs 1978.40 levels for the above mentioned targets.