PAYTM - Time for it to go up?? - BOLD VIEW!Price Analysis & Overview:
1. Price is showing strength
2. Price structure change confirmation is still pending.
3. 600 area is critical.
4. Must be on radar.
5. Can be a potential multi-bagger!
6. I will plan an entry only after confirmation.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Paytm
Paytm-A risky U-turn multibagger stockPaytm has been in news for all negative reasons in the past which had caused the stock to crash to below 350 levels from 1800 during listing.
However, stock has now managed to breakout of the channel and also has given a horizontal breakout.
Above 1000, stock will fly and can become unstoppable.
Keep in watchlist. If you are an investor with high risk appetite, you shouldn't miss this potential breakout.
Paytm Looking Interesting on Weekly TF.NSE:PAYTM Paytm Looking Interesting on Weekly TF.
The Stock is being Continuously accumulated with rising volumes and trading above all major moving averages.
Although Still a Loss Making Company maybe there's Something someone Knows that we Don't know Yet that's what Price Action is Suggesting.
There's a Possibility of Triple Top Let's Wait and Watch.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
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Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Gap Fill - PAYTM📊 Script: PAYTM
📊 Sector: E-Commerce/App based Aggregator
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script will fill gap in near future, we may see some good rally.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 564
🟢 Target 🎯🏆 - 750
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
PAYTM LONG TERM INVESTING IDEAPAYTM on weekly chart has now stopped falling further and now consolidating on the lower levels.
Current price level is good to enter and we can add further at around 450 level.
Stop loss can be put around 400 or trail using 20/50 EMA.
This is a LONG term and a bit risky bet but if you have faith in paytm's fundamentals these are really good levels ;)
PAYTM - Ichimoku Breakout📈 Stock Name - One 97 Communications Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 473.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Paytm : Range Breakout#paytm #swingTrade #Rangebreakout
Paytm : Breakout Candidate
>> Range Breakout soon
>> Trending setup
>> Good Strength & Decent Volumes
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Never try to catch a falling knifeLet this be a lesson for millions of investors out there, never buy a falling knife. Always wait for a turnaround and even then keep a stop loss. We are seeing in the case of NSE:PAYTM that the stock kept falling and there was no hope. However retailers kept on buying thinking that how low can this go?
Lesson: never buy a falling knife without a turnaround and then also always have a stop loss.
Paytm slips after payments bank chief quitsPaytm parent One 97 Communications confirmed that it has terminated 'nearly all agreements' between the company and Paytm Payments Banks.
Paytm shares fell nearly 3 percent on April 10 after Surinder Chawla stepped down as the Paytm Payments Bank managing director and chief executive citing personal reasons and to explore better career prospects.
Chawla will be relieved from his duties on June 26, the company said in a regulatory filing.
Paytm parent One 97 Communications reiterated in the release that "nearly all agreements between the company and PPBL have been terminated", and the board of Paytm Payments Bank has been rebuilt with five independent directors, including an independent chairperson, and no nominees from the company.
Founder Vijay Shekhar Sharma resigned from the board of embattled PPBL on February 26 to enable the reconstitution of the board.
E-Commerce Sector breakoutAmong E-Commerce sector, Zomato, Infoedge(Naukri), FSN(Nykaa), One97(paytm), Indiamart, Easytrip, Justdial are the top 7 companies by M.Cap.
Created custom index among 7 and shows clear breakout in weekly chart & RSI
Among them Infoedge is profitable in 5Y period with good technical chart but high valuations
PAYTM Swing Trade Update - #Paytm is currently a complete catalyst-based stock
- Catalysts, positive, and negative news are driving its prices up and down
- logically you shouldn't attempt a trade in Paytm if your Portfolio is small
- Allocate 2-5% of your 100k here only if you are ready to risk 10%
- Paytm has a wide stop-loss trade due to lower Circuits
- I think a dead cat bounce looks inevitable in Paytm now
Momentum in Bank Nifty? Check Bank Nifty simple analysisTodays gap up opening gave hint of momentum and later or bank nifty proved with bullish momentum after 2 hours of bearish flow.
45600 is still a acting as major support for buyers holding it from falling. Also pushed Bank nifty to safer zone but still unable to beat 46000 resistance.
Post Analysis
Arc shape recovery in BN gives a clear hint of bullishness in bank nifty but still tomorrow opening will be deciding factor for confirmation. To be strong on bullish side still 46000 need to beat by bank nifty.
On bearish side sellers tried multiple times to break support of 45600 which makes it weaker to break. Also its trading below trend line.
Support : 45600,45300,45000
Resistance : 46000,46300,46600
Note : Do your own analysis before making any trade or investment decesion.
05 Feb ’24 — A Sharp Fall from the Support LevelNifty Analysis - Stance Neutral ➡️
Recap from yesterday: ”The buildup from 24th Jan to today is a Double bottom (W) pattern and a small bullish trendline. All of which leads to confusion on what gets the highest priority. We would like to continue with the neutral stance for Monday with a slight advantage to the bullish side.”
4mts chart
The 21913 support and resistance line was in play today and for most of the time, Nifty50 was trading above it. The start of the day was quite tricky though - we opened gap-up right at this SR level and then fell to the previous close. In the next 8 minutes, we are back above the SR line. Although the price action was flat, we felt the chances to break out were higher than a breakdown. But the reverse happened - from 14.03 to 14.43 Nifty lost a whopping 216pts ~ 0.99% and never recovered from that fall till close. This makes us wonder - what the reasons could be. Rumors broke out that RELIANCE may be interested in buying out the wallet business from PAYTM. Since PAYTM was in a lower circuit throughout the day, the results were felt on the RELIANCE stock. It started falling. But this is not contagious - why would the other stocks react to this?
63mts chart
The next support comes at 21491, which is quite a long distance. The chart pattern is not at all bearish, in fact, it is more bullish than bearish. But we all know for an upward move, the resistance has to be knocked out whereas the support has to be breached for a downward move. For tomorrow, we wish to maintain our neutral stance and wait for some directional clues to appear.
EMS limited showing good strength on weekly chartsEMS limited- A recently listed Electronics manufacturing company is showing strength on weekly charts. After retracing from recent highs the price bounced from fibbonacci 23.6% levels and is looking prime to touch recent highs. A buy above 500 with stop of 420.
Can Paytm reach 1000 with this breakout?The infamous stock of Paytm which was the largest IPO at the time of its listing has eroded IPO investor's wealth by more than 50%.
However, the strong has been consolidating from quite few months now. We have seen multiple buybacks from the founder and promoter in this stock during the same which was a positive sign.
However, near the release of Q4 2023 results, the stock had started its uptrend by forming higher highs, higher lows.
Now, the stock has given a breakout of inverted head and shoulders with heavy volumes last week whose neckline was 750. The stock has given weekly closing above 800 levels which is a big positive for the stock. The stock might face an immediate resistance near 840-850.
One can keep this stock on watchlist for buying near retest of 750-760 levels if there is a retracement for big targets of 990, 1125.
Note:- This idea is shared for educational purposes and should not be considered as a recommendation.
Investment_ PAYTMNamaste!
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 higher.
So, I would say, if you were waiting for investment opportunity (in PAYTM), this is the right time to buy if it crosses Rs 596 price .
You can consider buying half the investment amount (ideally 5% of your investment capital), and next half at another red candle's high break (means another red candle(W) being created after the entry then break of highs).
Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.