PAYTM -- UPPER CHANNEL BREAKOUT
PAYTM --DAILY CHART -- UPPER CHANNEL BREAKOUT
1. PAYTM Daily chart seen upper channel breakout above 680 today trading session which was strong resistance earlier broken upside seen chart bullish now
2. RSI seen move above 60 daily chart
3. as per new chart setup 660-680 woRk as strong support with target 720-750-780-800 and stop loss can place bellow 625 level
4. MACD seen bullish , stock trading above 20,50,200 Moving avg.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING . !!
1. PAYTM Daily chart seen upper channel breakout above 680 today trading session which was strong resistance earlier broken upside seen chart bullish now
2. RSI seen move above 60 daily chart
3. as per new chart setup 660-680 woRk as strong support with target 720-750-780-800 and stop loss can place bellow 625 level
4. MACD seen bullish , stock trading above 20,50,200 Moving avg.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING . !!
Note
200 sma at under last bullish day candle, plus RSI above 60 level Daily chart, both indicators are positive now. !Note
1st uperside target 720 HIT. !Note
725 is near term resistance on chart , if today 15 min/ hourly candle close above 725 at closing basis then bullish momentum will continue as follow up trend. !Note
15 min chart double bottom formation at 705 level .!Note
buy can initiate at 680 sub level , at new support line --- target 690- 700 intraday 30/06/2022 , 11.27 amNote
1st intraday target 690 HIT .. 12.PM --30/06/2022
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