Paytm Cmp 699 Bearish Engulfing @ ResistancePaytm Cmp 699 dated 11-5-2023
1. Bearish Engulfing Candle @ resistance.
2. RSI negative divergence
Sell below 694 for target 670-655-640-610 SL 740
It is just a view, please trade at your own risk.
PAYTM trade ideas
PAYTM - Short TermThis is only for very short term.
Purely Technical call.
If it sustains above 608 on hourly chart, the targets are very much possible.
My strategy : I feel Nifty50 is still bearish (may be another few months) and will looks for quick momentum rally stocks. Low risk with a tight Stoploss and cream out with 5-8% returns quickly.
STOPLOSS is the key. Keep it as per your risk appetite and trail the Stoploss once the trade is active.
Risky stock, but good chart!Chart -> PAYTM Daily
After a sharp fall, PAYTM consolidated and created a VCP pattern and broke out with volume today.
CMP: 723
Good Range: 680 to 720
Target: 840, 965
SL: 640 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Paytm - Uptrend Will Start With Post Earning Reaction?- Near Double Bottom Neckline Breakout
- Above 50/ 200 Ema ( Beginning Of Uptrend)
- 730/750 Strong Supply Zone
Closing Above 740
Will Lead Rally Towards 830/940
- Forming One Hit Wonder IPo Pattern
- Narrowing Losses Improvment In Q4 Result
PAYTM --Turn to Multibagger ATM PAYTM --DAILY CHART SETUP -- Bullish reversal on card --may turn to Multibagger ATM
Technical observations .
1. Daily chart setup PAYTM seen trading at upper channel currently last candle close at lower level of upper channel
2. 180 HMA Support seen at last daily candle
3. Last candle form as doji trend reversal at lower level of upper channel indicate trend reversal from downtrend of channel
4. CCI ema seen follwing trendline upper trend support
5. Entry last doji candle close above 585 target (3-6 month ) 600-650-700 + ( channel high indicate 750 + level )
6. stop loss bellow strong support 501 hourly candle close
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..** trade at own risk !!
HAPPY TRADING !!
Paytm - a mid term long
BSE:PAYTM chart is playing within a trend-lines range, possible breakout above previous swing high will activate XABCD bearish shark pattern.
multibagger -- 2023 -- PAYTM PAYTM -- DAILY CHART -- SETUP --- POTENTIAL -- MULTIBAGGER 2023
1. PAYTM Pick as potential multibagger 2023 due to bullish indicators on daily chart setup.
2. Daily trendline breakout seen on last closing candle
3. Resistance breakout seen on last closing candle
4. stock seen following trendline support after pullback from oversold level sub 450
5. stock above 44, and near 200 hma support on last clsoing daily candle .
6. RSI above wma , ma ema positive cross seen and RSI near 60 level bullish zone ,
7 . ENTRY at current level 540-550 , Target 1--- 600-650- Target 2- 700-750 stop loss bellow trendline support 499-500
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... Trade at own Risk .!!
HAPPY NEW YEAR..!! HAPPY TRADING !!
#Paytm BO abv 11 weeks consolidation#Paytm after showing good quaterly result with profits has broken above the consolidation phase of 11 weeks. Price can move towards 800 and 940 very swiftly as so many people are trying to catch it.
CMP 705..
PAYTM TRADING IDEAPAYTM TRADING IDEA
If you understood the chart then buy and hold and accumulate more on DIPS
PAYTM LONGPAYTM Can see a short term upmove per my view.
Currently near the resistance levels which it has tested thrice. Possibility of upmove till the levels of 700-794
No recommendations, just view.
paytm 15 min trading ideaSwing trading ideas
lets, watchout for this stock and see how this trade works out
taking support multiple times,
Buy after breakout of resistance line,
weekly support
Paytm at perfect sell levelNSE:PAYTM at previous support and current resistance near to trend line. Also form a rising wedge and break the level Perfect opportunity to sell for a target around 10%
Its on the move ... PaytmAs discussed earlie it seems like this stock is showing starting of a new trend .
Chart Readings - Confirmatory breakout of recent LH.
Candelistics indication is on trend side .
Technical Indicators RSI and MA are also indicating strength and momentum respectively.
Participation is good (volume ) sustantiating the price move .
triangle breakout in 15 minsTriangle breakout in 15 mins
Target - Green line marked
SL - Red line marked
#Paytm Here is an update and confirmation.Daily TF Cash swind trade idea : Paytm
As we can see in chart stock is performing well from its lower low and may break its lower high soon and results in start of a new trend .....😁
Where a swing trader can find a trade opportunity ☺️
Ola!
CONTRA TRADE IN PAYTM I think analysis is clear in chart explanation is not required.
Fundamentally this stock is vry weak and there is no sign of improvement eexcept managements commentry.
CONTRA Trader can bet on
~~~Educatinal Purpose
Paytm Share is a right Choice ?We all know what’s happening in the Paytm shares.
Since its inception, the share price is falling. Even if we ignore the fundamentals of the company the technical analysis is also not very supportive. So do not think about buying this share right now.
What is the right time to buy this share for long-term investment?
To analyze this share I’m using AVWAP and RSI 14.
The first and most important criterion is to let the price cross the AVWAP line for once. Second is RSI 14 to cross the 60 level in the weekly chart and the 40 level in Daily Chart.
Paytm - Risky ViewPaytm :
Risky
Possibility of Cup & handle Breakout
& GAP Filling Pending
Long above 555 with support at 535
PAYTM crossed its resistance. Is 1400 is right for BUYBACK ?Paytm announces a buyback but the share is struggling to keep up. It has barely crossed its resistance and has formed a doji, lets see what could happen next.
My target will be nearly a 10 less than 900, till holding of shares in demat last date for buyback conditions. Let's Paytm decide.
Paytm Buyback announcementPaytm announces a buyback but the share is struggling to keep up. It has barely crossed its resistance and has formed a doji which shows indecisiveness. Best to avoid this stock.
