PAYTM trade ideas
Investment_ PAYTMNamaste!
As you can see in the following chart, the stock has been in a strong downtrend in weekly chart.
You can witness that it didn't break the highs of any weekly candles except the one.
There is always a resistance at the highs of red candles. But, if the resistance get's hit many time, it become weak and there is a good probability of price moving higher.
So, I would say, if you were waiting for investment opportunity (in PAYTM), this is the right time to buy if it crosses Rs 596 price .
You can consider buying half the investment amount (ideally 5% of your investment capital), and next half at another red candle's high break (means another red candle(W) being created after the entry then break of highs).
Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
Bullish on Paytm.Hello,
Paytm seems to be bullish as per the analysis. You can see the target and stoploss on the graph.
still waiting for the Final Target.
PAYTM looking strong for the next big moveTop reasons for this trade
# paytm is at 1D trendline
# hammer candle at 1D at 50 ema, shows rejection
# descending channel at 1HR timeframe
# entry only after the pattern breaks, SL below the pattern and target 1:2
PaytmPaytm - Short term
Buy above 905 | Tgt 930 | Sl 890
It is my view and trade on your own analysis
Waiting to Reach target 1 and 2...My main objective is to reach a target of 1300 and 1400 points for the Paytm stock.
The second target would be a 1955 and 2150 point.
in one day it has possibility to shoot up 20% then how much time will it take?
will paytm has energy to boost it up?
The Skyrocketing Rise of Paytm Stock: Expert Analysis and Predictions
The Potential Rise of Paytm Stock: Analyzing the Possibility of a 1955 Point Increase
PAYTM Bullish; above 939 on Monday 09 Oct. The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
Swing Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger gains
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
PAYTMPAYTM
Currently near trendline resistance
But recent consolidation has given some firepower.
CMP 928
Dips 890-870 can be bought
SL 820
6-12 months
Target 1100/1300
PAYTM PRICE ACTIONPAYTM last 4 month Paytm is consolidate trendline support and 20,50 ema support so chance to go up minimum 1:2 R:R get
PAYTM - 8X PROFITS MONEY DOUBLED IN ONE YEAR
A picture shows more than 100 words. Just for educational purposes. Please also check my coverage on SBI Cards Today.
I am not a SEBI Registered Analyst.
Paytm Breaking Out nicelyGood triangle breakout. Fundamentals seem to be improving.
Buy: Now
S/L: -5%
PAYTM -- Intraday Setup -- 05/09/2023 PAYTM --Intraday setup --05/08/2023
1. Paytm seen trendline as well as upper channel low level support last closing hourly candle
2. Double bottom formation seen around 850 level at trendline support .
3. one can initiate ENTRY 856 Current level for intraday target 865-875-880 stop loss bellow support line at 845
4. support resistance level mention on chart
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!
HAPPY TRADING. !!
paytm breaking weekly trendline above 916.15 good for positionalpaytm breaking weekly trendline above 916.15 good for positional. this analysis is education purpose only
Inverted Head & Shoulder Pattern at the Neckline📌 Inverted Head & Shoulder
✅Add to your watchlist
#PAYTM
- INH&S Continuation pattern
- Above Key EMAs
- Bullish RSI
Uncertainty in paytmIf todays low is break in close below it, Chances to fill the gap is high and false BO to be considered.
Wait and watch situation.
Paytm Volume breakout - Target 900+Paytm today gave a volume triangle break out but its still not the time to buy right away.
Wait for retracement to get better risk to reward ratio. if its below 550 better.
Possible target 1 - 732
Target 2 - 832
Target 3 - 900
Target 4 - 1047
This is long term view not short term view.
Paytm trading in channel on Day chartBreakout above 871, will continue the Rally.
Buy - 872, SL - 830
NOTE: Please maintain good Risk to Reward, as per your risk appetite.
Paytm - Is it time to say "PayTM Karo"... or not...Price in consolidation zone near the resistance level of 747.
Breakout above this level, with good volume will create a momentum for a substantial upside.
680 can act as immediate support zone.
PS: Not a buy/sell recommendation.
Paytm - can give good breakout from here Paytm is showing strength and increase in volume every day and can give massive breakout in short term. I see it touching 800 in coming sessions.
760 first target and then 840 second target
PAYTM Breakout Buy Signal!Attached: NSE:PAYTM Daily Chart as of 5th May 2023
Everybody is talking about ONDC on Twitter and how it is disrupting Zomato and Swiggy. Apparently you can use ONDC via PAYTM to order food online
(Note: Open Network for Digital Commerce (ONDC) is an initiative aiming at promoting open networks for all aspects of exchange of goods and services over digital or electronic networks)
And the Stock Chart of PAYTM also shows Investor Interest/ Buying Activity
Price gave a Breakout Buy Signal on Friday 5th May supported by Volume Activity on the back of this ONDC Disruption News
