PayTM chart shows a cup and handle pattern... An INHS formation is also underway...
T1 1255
T2 1350
My stop loss will be 825...
Company publishes monthly volume data, sometime later this week for August month, which may provide some direction on the chart... overall its weakness personified since Antfin reduced its stake, which is ironical as this was most likely done to reduce the quasi chinese ownership overhang that was making it difficult in getting much needed license...
The urge to buy PayTM happened as I felt like a dinosaur using my cards in the mall when the entire young crowd was only using their phones ..and the few shops I went to where using PayTM merchant banking?
T1 1255
T2 1350
My stop loss will be 825...
Company publishes monthly volume data, sometime later this week for August month, which may provide some direction on the chart... overall its weakness personified since Antfin reduced its stake, which is ironical as this was most likely done to reduce the quasi chinese ownership overhang that was making it difficult in getting much needed license...
The urge to buy PayTM happened as I felt like a dinosaur using my cards in the mall when the entire young crowd was only using their phones ..and the few shops I went to where using PayTM merchant banking?
Trade closed: stop reached