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Paytm

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.
NSE:PAYTM
by chetnaparmar833
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.
NSE:BANKNIFTY
by Price_actiontaker14
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.
NSE:NIFTY
by viswaram
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.
NSE:PAYTMLong
by chartistamey
2
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.
NSE:PAYTMLong
by UnknownUnicorn7637383
1
PAYTM Breakout Buy Signal!Attached: NSE:PAYTM Daily Chart as of 5th May 2023 Everybody is talking about ONDC on Twitter and how it is disrupting Zomato and Swiggy. Apparently you can use ONDC via PAYTM to order food online (Note: Open Network for Digital Commerce (ONDC) is an initiative aiming at promoting open networks for all aspects of exchange of goods and services over digital or electronic networks) And the Stock Chart of PAYTM also shows Investor Interest/ Buying Activity Price gave a Breakout Buy Signal on Friday 5th May supported by Volume Activity on the back of this ONDC Disruption News
NSE:PAYTMLong
by T_Harth
4
PAYTM - Ichimoku Bullish Breakout Stock Name - One 97 Communications Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 822 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:PAYTMLong
by nikunjbhadja