PAYTM -- INTRADAY SETUP- 06/06/2022PAYTM -- HOURLY CHART -- INTRADAY SETUP -- 06/06/2022
1. PAYTM trading currently at upper channel on hourly chart
2. trendline seen consecutive support at lower level, stock currently close at trendline support closing candle where bounce back likely seen on next trading session .
3. for buy level stock should cross level 625 as trendline breakout on next trading session where target upper side can seen above 635-640 level,
4. if trendline breakdown bellow 615 level stock will seen downside target bellow 600 level on intraday
5. overall stock will be uptrend if 15 min closing candle above 625 or downtrend if 15 min candle bellow 615
6. positive in fvr of uptrend is histogram seen double bottom means supply can be decrese from current level and more fvr of uptrend from current level
7. RSI abobe 50 level at daily basis as neutral to positive
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at owb risk !
HAPPY TRADING. !!