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Home » Elliott Wave Analysis of Yes Bank Ltd
Indian Stocks Trading

Elliott Wave Analysis of Yes Bank Ltd

RamkiBy RamkiMarch 28, 201226 Comments1 Min Read
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Yes Bank is one of the new private banks in India and its stock has been going places from the 2009 lows. Here’s an Elliott Wave analysis of Yes Bank Ltd. Even if you have no interest in Indian stocks, you can learn from the charts. Enjoy.

Yes Bank
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View 26 Comments

26 Comments

  1. GUL Rochlani on March 28, 2012 11:18 am

    I completely disagree with wave count of yes bank.
    I feel yes bank have completed flat correction .
    5-3-5 where c wave of flat seems to be terminal, which completed
    In dec 2011. Now we are in new impulse, 1st of this impulse have
    Crossed prev top. If we calculate the immediate targets can be well above
    700 to 800 Rs in 9 – 12 months.

    Reply
    • Ramki on March 28, 2012 12:23 pm

      Hi Gul, thanks for your comments. It is perfectly possible for different people to have different counts for the same chart, and make money at the same time. My only objection to your count is a flat should not be 5-3-5. It should be 3-3-5. Best wishes

      Reply
      • piyush on October 4, 2013 10:40 am

        tgt of 211rs reached on 28.8.13…late by a year, but reach it did

        Reply
        • Ramki Ramakrishnan on October 6, 2013 6:40 am

          Piyush, in the long run, everyone is correct. From a trader’s perspective, if a move doesn’t materialize in the time frame he/she is trading an instrument, one should just abandon the current count and look elsewhere

          Reply
  2. hemin on April 1, 2012 4:57 am

    Sir,
    please give us TATAMOTORS (NSE) road map (WAVE COUNT is it in w4 or it started w5

    Thanks

    Reply
    • Ramki on April 1, 2012 6:36 am

      HI Hemin, How are you? It is very hard to look at individual stocks that all my WaveTimes club members seek! But I must confess that I have started buying small amounts of Tatamotors as a medium term investment.

      Reply
  3. KARTHIK on April 1, 2012 10:20 am

    Sir, to have a fall like this there should be a strong negative news affecting the sector/Stock
    Thanks for the EW update. Will definitely look out for that…
    You analysis was too good for TATA power from 110 stock slided down to 93, from 93 stock zoomed to 103 .
    power of ELLIOT WAVE…………..

    Reply
  4. keyure batavia on April 2, 2012 1:18 am

    hello sir, yes bank quoting around 275. so is this count forfeiting? if yes than whats the probable new counts ?

    Reply
    • Ramki on April 2, 2012 8:08 am

      Hi Keyre, there is no change to my views on yes bank as of now.

      Reply
  5. balurajgopal on April 2, 2012 9:18 am

    Dear Shri Ramki,

    At the outset, please accept my appreciation of your valued info. in this forum
    I have yesterday, posted in our WAT forum, your analysis of Yes Bank( in Indian Market) and it is receiving good readership.
    I , as one of the inquisitive members of that forum as well here, would request you kind focus on RIL,SBI and TCS, L&T 4 major shakers of our NIFTY and give your views.
    I fully agree that it will be great pain to do this amidst your busy preoccupations,but I thought I could make a request and I trust mine will be acceded to.
    Cheers
    balu

    Reply
  6. riddhi sheth on April 11, 2012 3:44 am

    hello sir,

    yes bank constantly trading above 365 since last few trading session. still pattern not changed ? still target remains the same ?

    Riddhi

    Reply
    • Ramki on April 15, 2012 11:58 pm

      Riddhi, About Yes Bank, the stock remains well bid, and that means any downmove will happen only later. My post was more instructional in nature and not a trading recommendation. In any case, as it didn’t stay below 365, it suggests that one will have to rework the minor waves to figure out where the up move from 230 is going to end.

      Reply
  7. hemin on July 29, 2012 6:15 am

    Sir,

    yesbank came down up to 294 (on 5/18/2012) now ones again come up to364.25

    and to day close 354.40 is change in wave count ?

    place guide us.

    Thanks

    Reply
    • Ramki Ramakrishnan on August 2, 2012 1:58 am

      HI Hemin, For Yes bank we need a close below 345 to set the ball rolling

      Reply
  8. Sandy on July 31, 2012 4:34 am

    Hi Ramki,
    Are you still holding the bearish view on Yes Bank. Even my wave count suggests YES BANK should go below 250.

    Reply
  9. Ramki Ramakrishnan on August 2, 2012 1:59 am

    Hi Sandy, For Yes bank we need a close below 345 to set the ball rolling on the downside

    Reply
    • Sandy on August 3, 2012 3:20 am

      Hi ramaki,
      thanks for update. Wave C has started. may be we are in wave 2 of C. So on up we are looking 390 max. is my wave count correct? Please explain why you are saying close below 345. it will be good learning for me.

      Reply
      • Ramki Ramakrishnan on August 5, 2012 12:07 am

        Hi Sandy, That is a the support from the lower trend line you can draw on teh daily charts

        Reply
  10. hemin on August 2, 2012 5:55 am

    Sir,
    thank you very much

    Reply
  11. Soni Hitesh on September 17, 2012 10:33 pm

    Respected Sir,
    yes bank came back once again above 373.95 & closed 380.75. as per my calclulation this is sub “c” wave of 2nd wave. so pl. guide me. this will help me to develop my knowledge.

    Reply
    • Ramki Ramakrishnan on September 18, 2012 5:58 am

      Hi Soni, the best way to learn is to apply what you have learned and see how it turns out. Between, I am traveling and don’t have access to the charts. Good luck

      Reply
  12. anup pathak on September 24, 2012 2:53 am

    Dear Sir,

    Between 27th August and 14th September, Yes bank did give several closes below 345 but has not reacted as projected, instead it has gone as high as 380 on 17/09/2012.

    Regards
    anup

    Reply
    • Ramki Ramakrishnan on September 24, 2012 10:36 am

      Hi Anup, the Yes bank update gives you a handle on how to anticipate the market. However, if the moves fail to materialize as expected, you should give that stock a break and look at something else. It is six months since I wrote that note, and clearly we shouldn’t bother with it any more.

      Reply
  13. Prabh on October 4, 2013 1:37 pm

    Ramki Sir,

    For new Impulsive Cycle to start,is it mandatory to have a new significant low?For e.g,Yes bank made a low of 216 and from there on its moving higher.Can we say that new Impulsive Cycle has started?Do we need to look into bottom for finding out significant low or new Impulsive Cycle can also start even though particular Stock/Index has not made a significant low.Kindly provide inputs for same.

    Reply
    • Ramki Ramakrishnan on October 6, 2013 6:42 am

      Prabh, always start with a significant low. There are different degrees of cycles, and each significant low can usually be counted as the start of a new wave 1 of that degree. More importantly, counts often change. But if you get the direction right for the next move, you are making money!

      Reply
  14. dig121 on October 11, 2013 3:44 pm

    what a hit and miss —-but i must say it was a brilliant hit —-when it began rolling out thanks for your charts ramki,,,,, yes bank a classic case of time and EW principle followed —-when it comes ,,,,, appreciate if we could have u r view on yes bank—-as i find it following EW very nicely on all time frames —-
    from the current levels purely on charts no price tag —-and probability of it doing the same ( taking time )

    with due regds

    Reply

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