#Paytm BO abv 11 weeks consolidation#Paytm after showing good quaterly result with profits has broken above the consolidation phase of 11 weeks. Price can move towards 800 and 940 very swiftly as so many people are trying to catch it.
CMP 705..
One97
PAYTM crossed its resistance. Is 1400 is right for BUYBACK ?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.
Paytm Buyback announcementPaytm announces a buyback but the share is struggling to keep up. It has barely crossed its resistance and has formed a doji which shows indecisiveness. Best to avoid this stock.
#Paytm #One97 #StockmarketOne97 aka Paytm
Suggested earlier also at 560 levels and target achieved
Stock again forming an ascending triangle pattern.
Currently trading at its Resistance zone also, if break we can see good 8-10% upside move
Safe buy above 725/730 levels for positional targets of 775/800 to upto 850 levels also.
Also, keep booking partial 1-2% profits and use a strict trailing stop loss.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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