paytm hit all time lowpaytm hit all time low
retest of pattern done now 80 percent chances are there to fly above till 1798.75 by 2 month
Paytm
Paytm bullish formation, double bottomPAYTM has been trading in range of 975 to 880 for a while, the stock is forming a bullish candle on daily chart, RSI is also moving up from oversold zone.
the stock is in formation of double bottom near 880 levels
if stock manages to close above 950 levels today one can initiate long for the target of 1140 and 1220 in two - three month
stop of closing below 880
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Disclaimer :
-Please conduct your thorough research/analysis before doing the trade
-Idea shared is only for educational purpose
-Please trade on your own risk
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#paytm view #bullishCorrection seems to be over in #paytm, go long with 900 as SL.
ABC correction seems to be over and falling wedge breakout is happening.
Some hope for PayTM Investors!1. Base in formation on Lower Time Frames.
2. Stock needs to consolidate between 950-875.
3. Closing below 875, view is negated and downtrend may continue.
4. Confirmed uptrend only above Trend Line BO on upside. As of now, level is closing above 953.
5. Major Break Out only above 1150.
6. Consult your financial adviser before investing. I am personally not invested!
PAYTM CAN TAKE SUPPORT AT 898
We have very little data so far on PAYTM. Basis FIB retracement PAYTM is at 1.1618 levels and is also oversold on RSI. Chances are that it shud take support from these levels of 900 and see a decent upmove. Keep tracking and keep it on ur radar. If 900 is broken on a closing basis then 700 is also possible.
Paytm Bulls Are In Form startPaytm form morning star in 1 hour
Today seller was very high in comparing to buyers and quantity traded
Some Big Institutions have bought high deliveries
PAYTM
TradingView
TradingWick
#PAYTM
#TradingView
#TradingWick
Paytm form morning star in 1 hourPaytm form morning star in 1 hour
Today seller was very high in comparing to buyers and quantity traded
Some Big Institutions have bought high deliveries
PAYTM
TradingView
TradingWick
#PAYTM
#TradingView
#TradingWick
USDINR all time high dec2037USDINR all time high dec 2037
USDINR all time high then a huge sharp drop about 200% at that point
PayTm - Possible Short and long trades. PayTm -
1. In DownTrend.
2. Was bought from 1000 in anticipation of reversal to 1300 and above but failed as 1000 broke today.
3. Sustaining below 990 would mean new shorts will enter, many buyers will be forced to exit at loss.
4. Break of 990 and failing to sustain below it and reversing would mean buying coming from below 1000 level, trapped new shorts.
4. Intraday Trade -
a. Short if sustains below 990.
Target - 950, 910. Stop 1005.
b. Buy - Breaks 990 and fails to sustain below
it. Buy above 1003, Target - 1010, 1050,
Stop - 1000.
paytm lower low formation1. paytm lower low formation
2. started to make it W
3. FRESH BUY INTI @ 1000 * 100 QTY
4. 21 jan 22 13:15 target 1113
5. nifty target dec 2022 @ 20,000.05
paytm recovery startedtest 1 done
test 2 done
coming back to its zone
please initiate buy
purchased 110 quantity at 1078.60
good luck
PAYTMLong term investors can accumulate around 960 - 1010. We are expecting a good reversal from these levels.
paytm buy @ 1310.35paytm buy @ 1310.35 testing short term 78.6 % levels
then it will take reverse by making morning star pattern tomorrow after 4 hrs of day trading
PaytmPaytm Buy Above close @ 1432.40
Target 1: 1955.00 { Time-Frame: 2 Month}
Target 2: 2377.70 { Time-Frame: 4 Month}
Target 3: 3061.70 { Time-Frame: 6 Month}
Target 4: 3745.70 { Time-Frame: 8 Month}
Target 5: 4168.40 { Time-Frame: 12 Month}
PAYTMSame like nykaa, it seems that bottom is made and long can be initiated above today's high with SL below today's low
PAYTM - IN DEEP TROUBLE?The only hope for Paytm now is that it sustains the demand zone it tested today and changes its overall trend. If this demand doesn't hold, the price can fall to more deep levels.
PAYTM falling wedgePAYTM falling wedge pattern in 1 hour TF with reversal near 50% level of Fibonacci. Longosition can be planned with SL below the Swing low near 50% level.
ZOMATO short view zomato mcap of 1.5 L cr
a technical bearish aggressive scenario shall take place
as there are already enough peers against it and the craze of the same might fade away
and margins are shallow
i see stock moving south accordingly
Reliance helps Nifty end Nov series above 17500NIFTY 50 EOD ANALYSIS 25-11-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17417.30
H 17564.35
L 17351.70
C 17536.25
EOD 121.20 points /+0.70%
SGX Nifty 25-11-21 @ 1840h = +40 points
FII DII = Not yet available
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty opened flat and then sold off to retest the lows of 24 Nov around 17350.
Like yesterday, it was able to generate a good amount of buying interest and then fueled by Reliance, it was able to sustain higher levels with greater ease.
Clearly, Bank Nifty underperformed.
However, Nifty has made a lower low and a lower high and yet managed to close in the green.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 154
Top 5 Draggers contributed = 36
Net = +118
POSITIVES
Nifty ended the Nov series above 17500.
Reliance single handedly changed the game for Nifty.
It would be improper to give credit to any other scrip today.
Infosys managed to close well above 1700.
NEGATIVES
Nifty retested the low of 24 Nov around 17350.
Bank Nifty is struggling and is unable to generate sustained buying interest.
All other leading scrips of both the indices lack momentum.
HDFC ended yet again below 2900.
HUL has been consistently having issues in getting investors attracted as it keeps drifting on the way down.
TRADING RANGE FOR 26 November 2021
Nifty Support 17300-350.
Nifty Resistance 17600 and above.
Bank Nifty support = 36800-37000.
Bank Nifty resistance = 37500-700-38000
INSIGHTS / OBSERVATIONS
Here are the links to 2 of my tweets related to how markets were today:
Nifty was up by 121 points and the net contribution by the Top 5 Lifters & Draggers is 118. Data is becoming very crucial in managing the indices.
Have a look at the close of 24 Nov and today’s open - barely 2 points difference.
All eyes are now on the Reliance counterpart in the Bank Nifty family - HDFC Bank and ICICI Bank. The day these two wake up, is the day when Bank Nifty is likely to outperform. The big question is when?
What do you feel about this?
Here is the video link --
Thank you, and Happy Money Making!
Umesh
25-11--21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
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