Should I wait for lower level in Yes bank or buy around cmp which is around 360
In my opinion, the shares of yes bank would soon reach the pre split levels very quickly in a few years.
Investor psychology and emotion will now play out and create new accumulation effect.
They are used to seeing the Yes bank shares highly priced at 800+ levels in the past years.
Investors will now think YES bank shares are selling for cheap at 300 levels and start investing in it.
If you need an analogy,
Nowadays JOCKEY under wears are relatively priced same or cheaper then VIP, but for some reason the psychology of users play out and they want to buy JOCKEY.
People are used to seeing Jockey underwear’s priced 500+ 10 years ago.
Even at a comparable cheap price to VIP they get the satisfaction of wearing something really expensive or find pride when hanging out to dry in the balcony.
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Thank you for your simple explanation.
But, I find Jockey & VIP innerwear prices are different; VIP is affordable compared to Jockey.
Can you please explain it with ittle more details…