hey guys ,
after a long DOWNTREND ,
PAYTM stock has shown a signs of recovery ,
from the very FIRST DAY , this stock was completely controlled by bears
but now , this stock was following a chart pattern called FALLING WEDGE
last week , this stock was trying to cross this pattern
ans it was SUCCESSFULLY COMPLETED .
And now this stock has retested
and it has...
#VENKEY (W): Maintaining an uptrend with correct higher high and higher low formations, it has now established a new higher low. Return to the prior breakthrough zone for a retest.
1) Retest Done
2) Risk to Reward Ratio is good :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment...
The company recently release their quaterly results. The results are very good. At the same time stock was in down trend but from few recent days stock gave a trendline breakout and also retested the trend line and now moving in upward direction. before some days it was near 200 exponential moving average and from that day it is moving upward. On 6th of...
As the price has broken and retests the level of 1710.00 there are chances of price continuing upside but wait till price to close 1835 because we can multiple wick rejection at that level so the price may pull back from 1835. And take entry with you confirmation