YES Bank shares are currently experiencing a robust upward trend, attracting considerable attention from market analysts. Following a prolonged period of consolidation, the banking stock has demonstrated a strong medium-term bull run, with experts now forecasting potential price targets reaching as high as Rs 29.
Recent Performance and Technical Indicators
The stock has shown impressive momentum, climbing 33% from its 52-week low of Rs 17.19 recorded on March 30, 2026. This short-term rally, which includes a 15% gain in the last month, positions YES Bank as a strong breakout candidate based on technical analysis. Currently trading near the Rs 23 mark, the stock has approached its 52-week high of Rs 24.30 (October 10, 2025).
Technical indicators also support the bullish outlook. The Relative Strength Index (RSI) at 64.2 suggests room for further buying activity without being overbought. Furthermore, YES Bank shares are trading above their 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages, indicating sustained positive sentiment.
Analyst Outlook and Price Targets
Several analysts have provided fresh insights and price targets for YES Bank shares, pointing to improving technical structures and buyer participation.
SMC Global Securities
Shitij Gandhi, AVP - Equity Technical Research at SMC Global Securities, noted a significant improvement in YES Bank's price structure on the 4-hour chart. After forming a strong reversal base in the Rs 17–18 range, the stock has shifted into a higher-high, higher-low formation. Gandhi believes that if the stock maintains its position above the breakout base, the bullish momentum could extend further, pushing prices towards the Rs 27-29 zone.
Choice Broking
Hitesh Tailor, Technical Research Analyst at Choice Broking, highlighted a strong technical setup on the weekly chart, characterized by a decisive breakout above a Symmetrical Triangle pattern. This signals the end of sideways consolidation and the start of a new upward move. With the stock comfortably trading above key moving averages and the RSI at 61.34 reflecting a strong reversal, Tailor suggests a target of Rs 26.50 in the coming weeks, recommending a stop loss at Rs 21.50 on a closing basis.
Bonanza Portfolio
Virat Jagad, Sr. Technical Research Analyst at Bonanza Portfolio, observed strong bullish momentum as YES Bank's price decisively broke above the key horizontal resistance level at Rs 22.02. This breakout, supported by a noticeable volume expansion, confirms genuine market participation. Jagad noted that the price is trading cleanly above short- and long-term Exponential Moving Averages (EMAs), which are fanning out in a bullish alignment, while the RSI rises above 60, signaling accelerating upward strength.
Disclaimer: This article provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.