PAYTM -- HOURLY CHART -- INTRADAY SETUP
>> As per previous idea of paytm, Stock shown good bullish momentum above 680 level. now stock can seen strong upward movement from this level
>> trendline shows good support at new channel form around 700-705 level as support and 735-740 as resistance level for channel
>> RSI seen above 60 level on dialy chart which is also sign of strong upward movement from current level
>> MACD above signal and center line at daily chart bullish indicators.
>> Stock currently trading above 21, 50, 200 SMA
>> BUY can initiate on intraday at 705-710 level for target 715-725-730 stop loss bellow trendline support at 695
>> intraday support at 700-705 Resistance 730-740
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!
HAPPY TRADING !!
>> As per previous idea of paytm, Stock shown good bullish momentum above 680 level. now stock can seen strong upward movement from this level
>> trendline shows good support at new channel form around 700-705 level as support and 735-740 as resistance level for channel
>> RSI seen above 60 level on dialy chart which is also sign of strong upward movement from current level
>> MACD above signal and center line at daily chart bullish indicators.
>> Stock currently trading above 21, 50, 200 SMA
>> BUY can initiate on intraday at 705-710 level for target 715-725-730 stop loss bellow trendline support at 695
>> intraday support at 700-705 Resistance 730-740
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!
HAPPY TRADING !!
Comment:
paytm TARGET 1 -915 HIT at 9.15 am
Comment:
paytm intraday high 719 at 10.30 am
Comment:
intraday high 724 at 11.20 am
Comment:
intraday target 2 -725 HIT ... 11.28 am
Comment:
profit book above 725 !
Comment:
paytm final target 3- 730 HIT... 2.48 pm !
HAPPY TRADING !!
HAPPY TRADING !!
Trade closed: target reached