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April

PAYTM -- NEXT TREND - APRIL 2022PAYTM - HOURLY CHART --- NEXT TREND -- APRIL 2022 1. stock consolidate around 520 - 580 level last few days 2. at consolidation double bottom formation seen around bottom level 520-522 level 3. stock closing at near trendline last closing session at resistance area 575-580 once stock close above 585 level that will be trendline breakout as well as resistance breakout also, can go long above 585 for target 650 -750 if stock fails to break above and close resistance then it may fall to support level 520 bellow 520 will be again bearish trend 4. 1 sign of bullish fvr is stock has seen MA SMA crossover at 540 level then has upmove till now last daily candle is strong bullish 5. another sign in bullish fvr is price oscillator went above 0 line 6. overall view is wait for resistance breakout above 585 and see candle close above it and go long . ! ** this idea is for Educational purpose ..!! HAPPY TRADING !
NSE:PAYTM
by champtrade111
7
NIFTY -- NEXT WEEK -- 04/04/2022 TO 08/04/2022NIFTY TREND NEXT WEEK --HOURLY CHART - 04/04/2022 TO 08/04/2022 1. on hourly chart we can see journey of nifty where nifty bottom out around 15750 level till now 17670 2. Nifty made bottom formation at 15750-15800 level where RSI extremely oversold level as we seen . from then nifty bought consistently went to 17000 level . at 17000 level nifty made double bottom formation . 3. nifty break reistance 17400-17500 level last trading session and close above it very strongly to 17670 where bank nifty also breakout at bullish level 4. next week view is bank nifty will outperform and support index to go further up move to 17800-18200 , mid-cap also outperform and that trend continue upside 5. RSI level also seen bullish . 6. some correction if any we can seen around 17500-17350 form a good support where nifty agian bounce back ** THIS IDEA IS FOR EDUCATIONAL PURPOSE HAPPY TRADING. !!
NSE:NIFTYLong
by champtrade111
4