Paytm
PAYTM -- INTRADAY SETUP- 06/06/2022PAYTM -- HOURLY CHART -- INTRADAY SETUP -- 06/06/2022
1. PAYTM trading currently at upper channel on hourly chart
2. trendline seen consecutive support at lower level, stock currently close at trendline support closing candle where bounce back likely seen on next trading session .
3. for buy level stock should cross level 625 as trendline breakout on next trading session where target upper side can seen above 635-640 level,
4. if trendline breakdown bellow 615 level stock will seen downside target bellow 600 level on intraday
5. overall stock will be uptrend if 15 min closing candle above 625 or downtrend if 15 min candle bellow 615
6. positive in fvr of uptrend is histogram seen double bottom means supply can be decrese from current level and more fvr of uptrend from current level
7. RSI abobe 50 level at daily basis as neutral to positive
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at owb risk !
HAPPY TRADING. !!
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalPAYTM
After listing stock corrected very much upto 75%.
Stock corrected upto 510 levels & it looks strong support and form double bottom pattern.
Buy for mid to long term view and add more at 510 levels
But keep Strict Stop loss of 495 levels.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Paytm exactly played my pointsEvery time i shared all the buying and selling zone of paytm and again you can check my previous analysis of paytm n compair it with this post. I shares quality analysis with you but not getting that appreciable support you can check and compair all my post you'll get it
Going Long on Paytm-A technical taleThere's a possible double bottom formation in Paytm. Right now, the stock is in the process of forming the 2nd bottom, and 700 needs to be taken out for the pattern to be confirmed. An early entry can be taken here with a strict SL at 500, which is the primary support of the last bottom. A 2nd round of buying can be made near 700 (when confirmation is received) for a target of 876, the previous swing low.
Entry: 584
Targets: 700/876
SL:500
RRR: 1:3.5
paytm on bullish divergencepaytm on bullish divergence on daily chart
paytm has lower low formation
today on 4hr make morning candle...
will make W pattern now and till september 2024 it will on its actual price at 2150
keep an eye on it
buy for huge return
Investments are subject to market risks, read all scheme related documents carefully. The Price may go up or down depending upon the factors and forces affecting the securities market including the fluctuations...
PAYTM -INTRADAY - 26/04/2022PAYTM - HOURLY CHART-- INTRADAY SETUP --26/04/2022
1. Earlier consolidation from 525-585 level was breakout and stock make high above 700 level ,
2 Now after correction stock at lower channel seen back to same level where breakout made earlier around 580-590
3. stock at oversold level on hourly chart wave trend indicator seen turn neutral
4. strong support at 590-595 stock can bounce from this level for target 610-625 as per channel shown on intraday with stop loss bellow 585
5. bellow 580 stock can fall further to level of 550 in short term
BUY PAYTM intraday between 590-595
TARGET 610-625
stop loss bellow 585
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING. !!
PAYTM -- INTRADAY SETUP -- 21/04/2022PAYTM - 15 MIN CHART - INTRADAY SETUP - 21/04/2022
1. Last 15 min candle HAMMER CANDLE at oversold level 15 min chart.
2. Stock trading at channel lower support where max possibilities bounce back.
3. above 642 trendline support , trend confirmation for uptrend and above hammer candle buy level can be place.
BUY PAYTM ABOVE 642
TARGET 650-660+
stop loss 628
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** TRADE AT OWN RISK.!
HAPPY TRADING. !
PAYTM -- NEXT TREND - APRIL 2022PAYTM - HOURLY CHART --- NEXT TREND -- APRIL 2022
1. stock consolidate around 520 - 580 level last few days
2. at consolidation double bottom formation seen around bottom level 520-522 level
3. stock closing at near trendline last closing session at resistance area 575-580 once stock close above 585 level that will be trendline breakout as well as resistance breakout also, can go long above 585 for target 650 -750 if stock fails to break above and close resistance then it may fall to support level 520 bellow 520 will be again bearish trend
4. 1 sign of bullish fvr is stock has seen MA SMA crossover at 540 level then has upmove till now last daily candle is strong bullish
5. another sign in bullish fvr is price oscillator went above 0 line
6. overall view is wait for resistance breakout above 585 and see candle close above it and go long . !
** this idea is for Educational purpose ..!!
HAPPY TRADING !
PAYTM -- INTRADAY SETUP -- 08/04/2022PAYTM -- INTRADAY SETUP - 08/04/2022 - 15 MIN CHART
1. Stock seen bullish trend above 585 level breakout last 2-3 trading session hit tarrget 650-655 where resistance seen , profit booking at this level take stock down till 625 level.
2. strong bearish candle seen on 15 min chart at trendline breakdown and short term trend seen bearish .
3. some more fall indicate tomorrow intraday if no gap up opening tomorrow , negative crossover also indicate the same
4. 600-610 level is strong support level where buy can be initiated .
5 . overall consolidation around 600-650 level can seen few session unless breakout above 650-655 .
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk. 1
HAPPY TRADING. !