PAYTM -- NEXT TREND - APRIL 2022
Updated
PAYTM - HOURLY CHART --- NEXT TREND -- APRIL 2022
1. stock consolidate around 520 - 580 level last few days
2. at consolidation double bottom formation seen around bottom level 520-522 level
3. stock closing at near trendline last closing session at resistance area 575-580 once stock close above 585 level that will be trendline breakout as well as resistance breakout also, can go long above 585 for target 650 -750 if stock fails to break above and close resistance then it may fall to support level 520 bellow 520 will be again bearish trend
4. 1 sign of bullish fvr is stock has seen MA SMA crossover at 540 level then has upmove till now last daily candle is strong bullish
5. another sign in bullish fvr is price oscillator went above 0 line
6. overall view is wait for resistance breakout above 585 and see candle close above it and go long . !
** this idea is for Educational purpose ..!!
HAPPY TRADING !
1. stock consolidate around 520 - 580 level last few days
2. at consolidation double bottom formation seen around bottom level 520-522 level
3. stock closing at near trendline last closing session at resistance area 575-580 once stock close above 585 level that will be trendline breakout as well as resistance breakout also, can go long above 585 for target 650 -750 if stock fails to break above and close resistance then it may fall to support level 520 bellow 520 will be again bearish trend
4. 1 sign of bullish fvr is stock has seen MA SMA crossover at 540 level then has upmove till now last daily candle is strong bullish
5. another sign in bullish fvr is price oscillator went above 0 line
6. overall view is wait for resistance breakout above 585 and see candle close above it and go long . !
** this idea is for Educational purpose ..!!
HAPPY TRADING !
Note
PAYTM CONVINCINGLY BREAKOUT ABOVE 585 TODAY - BULLSIH for specified target .!650-750 . AS POSITIONAL 1-2 MONTHS .
04/04/2022
Note
PAYTM has good move after brekout 585 level/ at 650 level 1st RESISTANCE . BREAKING ABOVE 650 ..next target 750 level where one can book profit. !Note
06/04/2022Note
PAYTM profit booking seen around 650 level of resistance now to for further rally stock should break above this resistance 650 and hourly candle should seen close above that ..so that uptrend will continue. If not then stock can seen support from where it bounce ! 07/04/2022Note
new support comes around 590-600 which was resistance earlier . !Note
if close above 655 today then we will see good move to 700 level in next few session. 2nd target is 700 . !Note
11/04/2022Note
as per trade setup stock hit 2ND TARGET 700 . !Note
stock made high 717 at that level double top seen on 15 min chart then stock come down at 699 AS per new chart setup 715-717 work as resistance now. !Note
one thing for sure stock come out strongly from bearish zone at daily chart setup. !
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