PAYTM - DAILY CHART -- POSITIONAL
1, PAYTM daily chart seen trading upper channel .
2. stock currently trading near support zone of upper channel lower level , some consolidation can seen around level of 650-675 which is BUY level at good risk to reward ratio .
3. DAILY chart seen stock form higher high and higher low formation setup at upper channel
4. Bullish crossover seen at trix line bellow center line. TRIX line above center can seen good upside movment further.
5. one can initiate BUY between 665-675 level for positional target 700-750-800 ( 1 month ) upper channel resistance seen at 850-900 level will be
next target if 800 level crosses, stop loss can be place bellow 575 level where red hammer candle form a good support level .
THIS IDEA IS FOR EDUCATIONAL PURPOSE .... trade at own risk .!!
HAPPY TRADING. !!
1, PAYTM daily chart seen trading upper channel .
2. stock currently trading near support zone of upper channel lower level , some consolidation can seen around level of 650-675 which is BUY level at good risk to reward ratio .
3. DAILY chart seen stock form higher high and higher low formation setup at upper channel
4. Bullish crossover seen at trix line bellow center line. TRIX line above center can seen good upside movment further.
5. one can initiate BUY between 665-675 level for positional target 700-750-800 ( 1 month ) upper channel resistance seen at 850-900 level will be
next target if 800 level crosses, stop loss can be place bellow 575 level where red hammer candle form a good support level .
THIS IDEA IS FOR EDUCATIONAL PURPOSE .... trade at own risk .!!
HAPPY TRADING. !!