PAYTM trade ideas
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 levelsell paytm blow 1325 tgt 1280*1250*1225 sl 1375 this is my view please trad carefully..............
PAYTMDownward trendline in the making, don't buy, wait for clear price action like downward trendline breakout, avoid before that
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.
Learning Candle sticks !Welcome to candle stick studies..
This is a hammar .
Very soon this hammer will vanish.
This is not a recommendation.
Trade set up One Can buy for Next 25 % rally , since the data is very less , I still consider its Going up for One more rally above its today high
This trade will be awesome
Look for buying on Gap down which i am looking as Minimum of 2 % Gap down , if Gap down is more than 5 % then you must buy it because its Going to Give you lots of earnings
Remember only Professionals know the value of this kind of move , Not every one
Good luck with this trade
I am making this bold statement if anyone wants to bet then you have time till Monday Morning
Paytm reversal buy setupPaytm price broken it's down trendline . One may buy with stoploss @1274 for the target of 1580 (target1) and 1740(target2). These are fib based targets. Price has retraced approx 61.8 of the upmove
paytm two harmonic setupshi now we as retailer are stuck in his stock , we need to go ahead and see what can be done , now i have marked the up move possible with arrows. it must bounce back from lower red line for target of 1860 and most importantly it must hold lower green line as stop loss if this is breached it can fall like anything. If closes above blue line then it will become support
good luck
** 44% downside possible in Paytm **Paytm's business model lacks focus and direction, the company a 'cash guzzler'.
Paytm's valuation, at 26 times FY23 price to sales (P/S), is expensive especially when profitability remains elusive for a long time. Most fintech players globally trade around 0.3-0.5 times PSG (price to sales growth ratio) and we have assumed the upper end of this band. We are unwilling to give it a premium here as we are unsure about the path to profitability. Key risks include change in regulations which allow monetisation of UPI and receipt of a banking license.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
PayTm, What to do ? What levels ahead ?Paytm -
1. Sell of after open and closed 27.4 % lower.
2. Two attempts were made of buying from 1600 zone -
a. One from 1586 leading to 1723.
b. Second one from 1616 which made lower high than previous swing meaning buyers were getting weaker.
3. Finally sustained below 1600 as buyers failed to fight the selling pressure.
4. Closed near low which means more selling likely. Highs are also being sold.
5. Measured move leads us to around 1450 level.
10% circuit leads us to 14004 levels. These will be our first levels for Monday.
6. Up side this premise will be invalidated if it sustains above 1725.
Why did Paytm crash? How to avoid such IPO?Why Paytm fell so much?
1. Paytm's Rs 18,300 crore IPO, which was the country's largest- this meant a large supply which needed large demand to support it's price.
2. But was subscribed 1.89 times only, this meant lack of demand.
3. Paytm is yet to turn profitable and Is likely to report losses for coming few years.
4. All above points created negative sentiments, people were looking to sell on listing but demand was not enough to support price and we had such a huge fall.
How to avoid such IPO?
1. Check their financial data. Check how their business has performed and their future guidance. Different brokerage house provide these reports, check them.
2. Check subscription levels, it shows the demand or interest which is most important, should be high.
If you have any doubt or query you can mention it in comments section.
