DIVERGENCE BETWEEN BANKNIFTY AND YESBANK WITH A HEAD AND SHOULDERS ARE TWO OF FEW REASONS TO GO LONG ON THE COUNTER.
ITS IMPORTANT TO UNDERSTAND THAT A COUNTER FINDS DIFFICULTY IN GOING UP WHEN ITS PEERS ARE GOING DOWN, NEVERTHELESS THE REASONS MENTIONED ON THE CHART MAKES YES BANK A GOOD BET TO PLAY ON THE LONG SIDE FOR SHORT TERM.