PAYTM trade ideas
PAYTM LONG TERM INVESTING IDEAPAYTM on weekly chart has now stopped falling further and now consolidating on the lower levels.
Current price level is good to enter and we can add further at around 450 level.
Stop loss can be put around 400 or trail using 20/50 EMA.
This is a LONG term and a bit risky bet but if you have faith in paytm's fundamentals these are really good levels ;)
Potential up-move | Bottom fishing - PAYTMThese analysis is based on bottom fishing method. Meaning that the stock shows an uprising potential from the bottom. Fundamentally it can be due to any major decisions in the management or tremendous performance shown or any such positive actions. Technically, it would have shown an upmove using MA or RSI breakout or any such analysis.
IMPORTANT : Wait for weekly close above the breakout level. We can see that already a weekly candle made a BO and closed above the level. Hence we can enter now!
The secret sauce is not revealed here that how I pick my stocks, however the idea is shared as an educational material. This will also help me to keep a track of my accuracy in doing analysis. Hence & also, I request anyone not to take any positions based on the accuracy of my previous feeds or moving forward.
Do your own research and analysis before investing your hard earned money.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
Paytm long term buy given at 330 , 490 high hold it Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Amazing breakout on Weekly / Daily Timeframe - PAYTMCheckout an amazing breakout happened in the stock in Weekly timeframe. Wait for weekly close above the breakout level.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
Range Breakout - PAYTMPAYTM
▶️Can go long at CMP 472
▶️It has given a Range Breakout with Good Volume.
▶️Total FII & DII Holdings is 66%
▶️The stock has given 14% Return in last week.
▶️The expected targets are 525, 590 in short term
PAYTM - Ichimoku Breakout📈 Stock Name - One 97 Communications Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 473.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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#IchimokuCloud
#IchimokuFollowers
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Paytm : Range Breakout#paytm #swingTrade #Rangebreakout
Paytm : Breakout Candidate
>> Range Breakout soon
>> Trending setup
>> Good Strength & Decent Volumes
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Paytm long term buying given at 330 near , hold it for more upDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Paytm start accumulation we can see huge upside all bad digesteOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Never try to catch a falling knifeLet this be a lesson for millions of investors out there, never buy a falling knife. Always wait for a turnaround and even then keep a stop loss. We are seeing in the case of NSE:PAYTM that the stock kept falling and there was no hope. However retailers kept on buying thinking that how low can this go?
Lesson: never buy a falling knife without a turnaround and then also always have a stop loss.
Paytm slips after payments bank chief quitsPaytm parent One 97 Communications confirmed that it has terminated 'nearly all agreements' between the company and Paytm Payments Banks.
Paytm shares fell nearly 3 percent on April 10 after Surinder Chawla stepped down as the Paytm Payments Bank managing director and chief executive citing personal reasons and to explore better career prospects.
Chawla will be relieved from his duties on June 26, the company said in a regulatory filing.
Paytm parent One 97 Communications reiterated in the release that "nearly all agreements between the company and PPBL have been terminated", and the board of Paytm Payments Bank has been rebuilt with five independent directors, including an independent chairperson, and no nominees from the company.
Founder Vijay Shekhar Sharma resigned from the board of embattled PPBL on February 26 to enable the reconstitution of the board.
Paytm Fall LevelsWe all know paytm is now in danger zone. Because already govt ha sasked to delink paytm payment banks.
So we may see a fall in coming times.
all information are for study purpose.
PaytmIs Paytm making disjoint channel. Will it be making bottom at 280(270) or it may try to touch 200
PaytmSince beginning paytm was in parallel channel. and going by this trend expect it to be keep following it
Paytm Faces Selling Pressure on News, RSI Bullish Divergence Paytm Faces Selling Pressure on News, RSI Bullish Divergence Signals Potential Reversal
1. Current Selling Pressure: Paytm is experiencing selling pressure, likely due to recent news developments, leading to higher-than-average volume.
2. RSI Bullish Divergence: Despite the selling pressure, RSI is showing bullish divergence, indicating a potential reversal in the near future.
3. Lower Trend Support: The stock is currently finding support from the lower trend line, which could help stabilize prices amidst the selling pressure.
4. ADX and MACD: ADX and MACD can provide additional insights into the stock's momentum and potential direction.
5. News Impact: Stay updated with the latest news as it can significantly impact Paytm's stock price and trading patterns.
Paytm Supply zones are marked as red horizontal zones.
stock book value is 196 which may act as support.
Buy near 200
Stoploss 180
Targets are 440 - 750 - 1000
very long term Tgts 1300 - 2000
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Happy Trading :-)
Paytm next target rangeBased on Support and Resistance and Pivot levels, I think PayTM will test the following targets.
Target 1 -> 840
Target 2 -> 1000
Target 3 -> 1300
Lets keep an eye on this stock
PAYTM Swing Trade Update - #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 looks inevitable in Paytm now
Simple Setups on PayTMPayTM chart shows a cup and handle pattern... An INHS formation is also underway...
T1 1255
T2 1350
My stop loss will be 825...
Company publishes monthly volume data, sometime later this week for August month, which may provide some direction on the chart... overall its weakness personified since Antfin reduced its stake, which is ironical as this was most likely done to reduce the quasi chinese ownership overhang that was making it difficult in getting much needed license...
The urge to buy PayTM happened as I felt like a dinosaur using my cards in the mall when the entire young crowd was only using their phones ..and the few shops I went to where using PayTM merchant banking?
No support in sight!!Fib- the Fib extension from three diff swings is giving me 2 confluence the first one is at 335. Below this the next confluence is at 50/35. The stock is extremely bearish. Will Morgan Stanley buying give it some respite. Technically the most imp zone to watch out for is 335. Coz below this it will loose 90% of its value.
