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
Paytm
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.
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PAYTM - Short TermThis 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 your risk appetite and trail the Stoploss once the trade is active.
Risky stock, but good chart!Chart -> PAYTM Daily
After a sharp fall, PAYTM consolidated and created a VCP pattern and broke out with volume today.
CMP: 723
Good Range: 680 to 720
Target: 840, 965
SL: 640 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
PAYTM --Turn to Multibagger ATM 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 trend reversal from downtrend of channel
4. CCI ema seen follwing trendline upper trend support
5. Entry last doji candle close above 585 target (3-6 month ) 600-650-700 + ( channel high indicate 750 + level )
6. stop loss bellow strong support 501 hourly candle close
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..** trade at own risk !!
HAPPY TRADING !!
Paytm Share is a right Choice ?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 14.
The first and most important criterion is to let the price cross the AVWAP line for once. Second is RSI 14 to cross the 60 level in the weekly chart and the 40 level in Daily Chart.
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 --TREND ANALYSISPAYTM 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 initate BUY position entry after confirmation as above 485 for positional target 500-525-550
stop loss should bellow 440 level now
5. pullback seen on oversold line as RSI at Around center line at hourly chart currently.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..TRADE AT OWN RISK
**COMMENTS AND SUGGESTIONS ARE WELCOME
HAPPY TRADING, !!
PAYTM in demand zone 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 --SETUP--18/11/2022PAYTM -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 position based on setup for swing/positional trade based on 15 min chart trendline breakout level. if 15 min candle close above 545 long position
** THIS IDEA IS FOR EDUCATIONAL PURPOSE , trade at own risk !!
HAPPY TRADING. !
PAYTM -- MAKE OR BREAK ---Flag pattern PAYTM --DAILY CHART ---MAKE OR BREAK --FLAG PATTERN.
1. PAYTM seen triple bottom formation on Daily chart shown as circle 1,2,3 AT Strong support line around 625-630 level
2. Flag pattern seen on chart
3. previously trendline breakdown seen at 760-770 level and stock fall towards 625-630 , consecutive support form at 3 times at this level
4. Stock on daily chart trading at lower channel make or break level , if support hold at 625-630 on next daily candle stock can go upside to 680 level short term bullish where lower channel resistance seen
5. if stock fall bellow 620 daily on candle then will fall to 580 level lower channel support short term .
***THIS IDEA IS FOR EDUCATIONAL PURPOSE ... TRADE AT OWN RISK !
HAPPY TRADING. !
PAYTM -- POSITIONALPAYTM - DAILY CHART -- POSITIONAL
1, PAYTM daily chart seen trading upper channel .
2. stock currently trading near support zone of upper channel lower level , some consolidation can seen around level of 650-675 which is BUY level at good risk to reward ratio .
3. DAILY chart seen stock form higher high and higher low formation setup at upper channel
4. Bullish crossover seen at trix line bellow center line. TRIX line above center can seen good upside movment further.
5. one can initiate BUY between 665-675 level for positional target 700-750-800 ( 1 month ) upper channel resistance seen at 850-900 level will be
next target if 800 level crosses, stop loss can be place bellow 575 level where red hammer candle form a good support level .
THIS IDEA IS FOR EDUCATIONAL PURPOSE .... trade at own risk .!!
HAPPY TRADING. !!
PAYTM is going to give returns like Bitcoin from the early daysPAYTM got listed at around Rs 2150 and is right now trading at around Rs 575, making a market roughly about $5B. I see Fintech like PAYTM becoming trillion dollar companies in the future since it makes the banking sector more efficient for the commoners. That's a huge market. PayPal with likely much less customers has $133B marketcap (that's about 27x for PAYTM). That'd mean PAYTM somewhere around Rs 10000 making it the early day bitcoin kind of return potential stock.
Not financial advice. Trade at your risk.






















