Paytm - CMP 950 - Monthly - Symmetrical Expanding Triangle

Dec 6, 2024

Paytm has created Symmetrical Expanding Triangle in Monthly time frame

• RSI going up continuously, still not in overbought zone
• MACD is looking good
  
• Price is above 20 Months EMA
  
• volume is good for past 4-5 months
  
• Crossed 930 resistance with good volume
  
• DII has increased holding in June and Sep 2024, FII has decreased holdings
  

• Target 1 : 1160++
• Target 2 : 1350 , This could be next Resistance
• if price sustain at 1350 and give breakout from triangle with good volume then Target 3 could be ATH - 1955++

Jan 28

Trade closed: stop reached