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 upmoveLongby akrock8611
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 luckShortby UnknownUnicorn22711483Updated 222
** 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. Shortby Shruti_Advisory2
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.Shortby NaveenGr115
PaytmOne day old baby.... probable trading levels for couple of trading days....Shortby emraldconsul4
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.Educationby NaveenGr5