PayTM make Flag Pattern and RSI near SMA crossover
PAYTM Can see a short term upmove per my view. Currently near the resistance levels which it has tested thrice. Possibility of upmove till the levels of 700-794 No recommendations, just view.
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)...
paytm target are defined in chat i think achieved till june results max target till june is 1367 or rount off 1400
will paytm make a W pattern and achieve it high levels of 1950 or at its IPO price? 815.95 target till 5/31/2022
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
Long term investors of PAYTM can average at this support level. Stock is showing a good move today. Looks like bottom formation. Note: for educational purpose only.
After Action against paytm , Stock Going Down , Dont Buy Now , Wait for Any signal Always invest in quality stock for more stock review Search - Stock review with Manoj Shinde 27485
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!