- #Paytm is currently a complete catalyst-based stock - Catalysts, positive, and negative news are driving its prices up and down - logically you shouldn't attempt a trade in Paytm if your Portfolio is small - Allocate 2-5% of your 100k here only if you are ready to risk 10% - Paytm has a wide stop-loss trade due to lower Circuits - I think a dead cat bounce...
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 #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)
I posted trend change analysis with The levels where you could go long And as you can see evrything happened as my discussion, the sphere has been formed, soon I'll share you some short (down side trade) for short period ... follow me for more
paytm got final unknown supports but low risk buying supports. supports points 537 -472 another one 333 range maybe or not huge profit for daytrader, biggest loser in investor , in this stock., not at all, that means (ipo) chart is thinking of matter, i doubt this stock , picking buy bottom lvl, this stock selling key lvl this bank only in digital , when they...