The downtrend seems to be taking a halt but as a trader it better to have a continuation bias. I see a downward channel playing out resulting in a double bottom type range. This can become a double top continuation pattern and the price continue to go down further. Moving averages or Lower High-Lower Low structures on lower time frame would confirm the entry.
Paytm has been consolidating in a range for the last four months. The sentiment is still bearish as the price continues to trend higher in a channel forming an interesting classical cup handle price pattern. A failed breakout failing is an excellent opportunity to enter.
Target 800 Stop 698 Enter 715