Yes Bank shares rally 15% in 4 sessions. What are technicals suggesting for traders?
Shares of Yes Bank gained as much as 6.5% to their day’s high of Rs 25.45 on the BSE on Wednesday, extending gains for a
Shares of Yes Bank gained as much as 6.5% to their day’s high of Rs 25.45 on the BSE on Wednesday, extending gains for a fourth straight session and rallying 15% over the same period. The private lender’s stock price is up 17% in 2026 and about 26% in one year. From a fundamental perspective, the recent uptrend comes on the back of the lender announcing a strategic partnership with Northern Arc Capital aimed at expanding access to credit, scaling digital lending and offering debt investment opportunities to customers. Also read: 5 under-the-radar stocks owned by 3 largest smallcap portfoliosFor traders, here’s what technicals suggestAjit Mishra, Senior Vice President at Religare Broking, said Yes Bank share price has seen a healthy recovery from its crucial support zone near Rs 17 and is now moving towards a major hurdle at around Rs 26, which coincides with its 20-week exponential moving average (WEMA).
He expects the stock to face some consolidation around that level, with a decisive breakout above Rs 26 potentially triggering the next leg of the recovery. Mishra advises short-term traders to consider booking partial profits near Rs 26 and wait for sustained strength above that level before re-entering, or accumulate on dips towards the Rs 23-24 zone.Ruchit Jain, Vice President of Technical Research at Motilal Oswal, said the banking and NBFC space has started gaining momentum and has outperformed the broader market this month. He noted that Yes Bank has broken above its key resistance level of Rs 24, supported by rising volumes over the past few sessions. According to Jain, the stock's 200-week exponential moving average, placed around Rs 26, will be an important resistance level to watch.Virat Jagad, Senior Technical Research Analyst at Bonanza, said the stock has delivered a decisive breakout above a long-term descending trendline resistance, backed by a strong bullish candle that cleared major overhead supply.He noted that the RSI has moved firmly into bullish territory above 60 without any bearish divergence, signalling strong upward momentum.
Jagad added that the stock's EMAs remain aligned in a structural uptrend, supporting fresh long positions in the Rs 24.00-Rs 24.60 range, with upside targets of Rs 28.50 and Rs 31. He recommends a stop loss at Rs 22.80 for fresh positions and a trailing stop loss at Rs 21.90 for existing holdings.Read more: AI boom hands HFCL investors nearly 200% returns in just 6 months. Overheated or undervalued?Yes Bank Q4 snapshotThe private lender reported a 45% year-on-year surge in net profit to Rs 1,068 crore for the January-March quarter of FY26, while its net interest income rose 16% YoY to Rs 2,638 crore for the quarter under review. Net interest margin (NIM) gained 20 bps to 2.7%, while asset quality improved. Gross non-performing assets (NPA) ratio declined 30 bps YoY to 1.3%, while net NPA ratio declined 10 bps to 0.2%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
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