Hi every one
paytm monthly consolidation
breakout target 1752
This stock better than fd
no buy sale tips
stock market risky hai
apka mind use karo maine mera kiya hai
consult your financial advisor
Paytm today gave a volume triangle break out but its still not the time to buy right away.
Wait for retracement to get better risk to reward ratio. if its below 550 better.
Possible target 1 - 732
Target 2 - 832
Target 3 - 900
Target 4 - 1047
This is long term view not short term view.
PAYTM 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)....
Finally After lots Criticism and Uncertainty Paytm has started it Bull run.
I believe tht the major drop on paytm stock was done intentionally.
First time Paytm Discovered Strong Demand Zone at 530rs Area.
Right now no one is talking abt this Gem, This is Perfect time to fill the bags silently and HOLD strong.
I am Expecting more than 300% returns in this...
Parallel Channel 2 entered
A Low of 510.05
10 march high break i.e., 795.80
will take resistance as a support between 861.35 and 893.70
parallel channel breakout after 1 sep 2022
retest its value near 861.35 and 893.70
company is in loss although next year comes in profit till march 2023 endings...
will gain its valuable price of 2150 (approx) again till june...
Parallel Channel 1 completed
A Low of 510.05
10 march high break i.e., 795.80
taking resistance as a support between 757.90 and 775.90
parallel channel breakout
checking retest
yesterday paytm results has given profit indication but company is in loss although next year comes in profit till march 2023 endings...
will gain its valuable price of 2150 (approx) again...
PAYTM looking good above 740.
We can see price action in chart. after breakout of 715 and pullback from 700. We will look for upside more.
Entry - 740
Target - 795 , 840 , 870
Sl - 700
(Education Purpose Only)
#PAYTM #Chart
Classic VCP Break Out here. Ride to 770-775 highly possible here. However, that's also the area of concern. Major upside only above this level. Need to hold on to 650 on Daily Closing Basis for this to happen.
There'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)...
Kindly refer chart
PAYTM
Price: 699.10
EMA 9: 634.39
EMA 20: 634.07
EMA 50: 766.77
EMA 100: 1042.67
VOL: 20.062M
Thanks & Regards
Request you to post your comments or suggestion.
(Rounding bottom formed on daily time frame)
Paytm (Daily):
1. Bullish Divergence (wrt RSI)
2. Also formed a Double Bottom on Charts
3. Can go long above closing of 578
4. Currently at 5 Days Exponential Moving Average
Note: The above analysis is just for Educational purpose
paytm next target 640 tomorrow and also it is in its recovery phase till its June results in which 68 days are remaining it will achieve its ipo price
already bought 500 shares @ 525
