Paytm (Daily): 1. Bullish Divergence (wrt RSI) 2. Also formed a Double Bottom on Charts 3. Can go long above closing of 578 4. Currently at 5 Days Exponential Moving Average
Note: The above analysis is just for Educational purpose
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Stock has given 15 % returns since last update. Hope you guys enjoyed the gains. :)
@deeptinseth, PAYTM daily chart still look bearish, but sign of some bottom formation around current level, RSI should move above 40 as trend reversal sign till now no indication to BUY at daily chart. 1
amanpa716
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@champtrade111, sir, i enter above 585 today as per your analysis . thanks.
Ravisahu007
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@amanpa716, mee too holding from same price 1000 qnty till 1100 price
champtrade111
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@anujdas2552, from 585 stock went 650 level . 1st resistance = 1st target , its technical bounce .. as trader we should book profit at resistance partly then look for another resistance 700-750 so on, this stock is not investment pick as per current fundamental if you are investor then look quarter to quarter profit and loss statement back 4 quarter and keep watch next few quarter and go long, as per present fundamental i am bullish till 700-750 level max. 1
umarkhan00786
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@deeptinseth, hello can you plz let us know the target as it close above 610 around… Thanks
deeptinseth
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@umarkhan00786 i ll prefer trailing my profits. You can book as per your risk apetite. First target comes around 680-700 levels