PAYTM --DAILY CHART SETUP -- Bullish reversal on card --may turn to Multibagger ATM
Technical observations .
1. Daily chart setup PAYTM seen trading at upper channel currently last candle close at lower level of upper channel
2. 180 HMA Support seen at last daily candle
3. Last candle form as doji trend reversal at lower level of upper channel indicate...
Namaste!
As you can see in the following chart, the stock has been in a strong downtrend in weekly chart.
You can witness that it didn't break the highs of any weekly candles except the one.
There is always a resistance at the highs of red candles. But, if the resistance get's hit many time, it become weak and there is a good probability of price moving...
This is only for very short term.
Purely Technical call.
If it sustains above 608 on hourly chart, the targets are very much possible.
My strategy : I feel Nifty50 is still bearish (may be another few months) and will looks for quick momentum rally stocks. Low risk with a tight Stoploss and cream out with 5-8% returns quickly.
STOPLOSS is the key. Keep it as per...
Paytm is showing strength and increase in volume every day and can give massive breakout in short term. I see it touching 800 in coming sessions.
760 first target and then 840 second target
#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..
Paytm today gave a volume triangle break out but its still not the time to buy right away.
Wait for retracement to get better risk to reward ratio. if its below 550 better.
Possible target 1 - 732
Target 2 - 832
Target 3 - 900
Target 4 - 1047
This is long term view not short term view.
PAYTM Can see a short term upmove per my view.
Currently near the resistance levels which it has tested thrice. Possibility of upmove till the levels of 700-794
No recommendations, just view.
Daily TF Cash swind trade idea : Paytm
As we can see in chart stock is performing well from its lower low and may break its lower high soon and results in start of a new trend .....😁
Where a swing trader can find a trade opportunity ☺️
Ola!
I think analysis is clear in chart explanation is not required.
Fundamentally this stock is vry weak and there is no sign of improvement eexcept managements commentry.
CONTRA Trader can bet on
~~~Educatinal Purpose
We all know what’s happening in the Paytm shares.
Since its inception, the share price is falling. Even if we ignore the fundamentals of the company the technical analysis is also not very supportive. So do not think about buying this share right now.
What is the right time to buy this share for long-term investment?
To analyze this share I’m using AVWAP and RSI...
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 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 TREND ANALYSIS --HOURLY CHART.
1 . AS seen on hourly chart paytm look bullish after trendline breakout above 485 , if 15min/ hourly candle close above 485 ,
2. chart formation will be bearish if 15/min , hourly candle close bellow 440
3. support on chart seen around 445-450 and resistance 545-550 level
4 currently stock trading at 475 sub level . for...
hi friends ..
can PAYTM up move from here ?.. yes..
there is little up move .. i think 10 - 15 % up move possible
PAYTM is now in demand zone and there is green bullish candle with good volume .. if previous day candle high 553.10 is break .. than enter.. with SL 526.90 .. for target 10-15 % up move
PAYTM -INTRADAY --15 MIN CHART --SETUP --18/11/2022
** paytm chart setup shown on intarday basis for today ..15 min chart shows BUY INITIATE above IF terndline breakout 545 for target intraday 550-555-560
** Sell bellow 525 if trendline breakdown candle 15 seen on chart for target intraday 520-515-510
** Support , resistence mention on chart
* can build long ...
