Yes Bank Ltd [ Inverted Head and Shoulder ]

• Inverted Head and Shoulder pattern is seen on the daily charts.
• Breakout from the neckline occurs  via long white candle having insignificant shadows [ signalling strength of bull]with considerable rise in volume.
• After breakout stock struggles to rally up because it was standing near  previous peak resistance at 415,  however it managed to give three closes above the said resistance including friday's closing above 415, and  3% filter is also passed ,confirming a breakout, but volume support is little bit slackening
• Stock also managed to close above previous window resistance  zone of 423-428.25.
• Stock may test on the up-side the levels of 435, 442, 455, 480.
• Bullish Engulfing at the resistance level is suspect able.
• On the other hand indicators are are showing divergences:
• Stochastic is flattening in overbought zone
• RSI is showing negative divergence .i.e RSI is turning down while price are moving-up.
• Histograms are turning down, however MACD line is still turning -up
• OBV is also turning -up , supporting the current move.