Paytm announces a buyback but the share is struggling to keep up. It has barely crossed its resistance and has formed a doji, lets see what could happen next. My target will be nearly a 10 less than 900, till holding of shares in demat last date for buyback conditions. Let's Paytm decide.
On the weekly chart, the Share was near to an important resistance level on a closing basis. if he holds it and closes above 115 then it going to test the next level 131 in the near future as per the chart and diagram shown above. Short term target is 121 from the current level Long term target is 131/140 in 3 to 6 months.
Buy @ C.M.P (CURRENT MARKET PRICE) Sell Target 1 :- 440 Sell Target 2 :- 500