PAYTM Breakout Buy Signal!

Updated
Attached: PAYTM Daily Chart as of 5th May 2023

Everybody is talking about ONDC on Twitter and how it is disrupting Zomato and Swiggy. Apparently you can use ONDC via PAYTM to order food online

(Note: Open Network for Digital Commerce (ONDC) is an initiative aiming at promoting open networks for all aspects of exchange of goods and services over digital or electronic networks)

And the Stock Chart of PAYTM also shows Investor Interest/ Buying Activity
Price gave a Breakout Buy Signal on Friday 5th May supported by Volume Activity on the back of this ONDC Disruption News
Trade closed manually
Lack of follow up after initial spurt
Trade active
Can get back into the Trade, Continuation Pattern observed
Trade closed: target reached
800 Target Done and Dusted
Beyond Technical AnalysisbreakouttradingBullish PatternsbuysetupbuysignalChart PatternsnewstradingondcpaytmTrend Analysis

Siddharth Bhansali

✔️Twitter Handle @T_Harth

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