Paytm
paytm false breakout?if you look closely the stock, yes the stock broke the trend line on 29th of aug, but its recovering and coming back to its support, theres a green candle too, lets see what happens on Monday. check out the volume too. plus have look on MACD indicator, its strategy telling to go up.
PayTm Is Redy to Fire So 2000 Target as per my Chart#PayTm/INR TA Update:-
₹Paytm current Price = ₹545
= -74% Down from IPO price
= Truly Big Failed IPO
= Currently Downtrend is over as Per Chart.
= Bullish engulfing Pattern formed in HTF
= GAP has not been filled since the listing.
=GAP1 = ₹1490.75 & GAP2 = ₹766.60
= I’m Buying here around ₹530-₹546
= Targets = ₹766/₹1490/1807
= Target is 246% in Long term
= Stop Loss ₹520 ( Exit below ₹520 )
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Will Paytm make W pattern and Elliott wave till the target ?Will Paytm make W pattern and Elliott wave till the target.
As news described:
Shares of One 97 Communications Ltd - the parent firm of Paytm - tumbled over 13 percent on Monday after the Reserve Bank of India asked the Paytm Payments Bank to stop opening new accounts amid "material supervisory concerns" observed in the bank. Morgan Stanley has reduced its target price on Paytm's stock to Rs 935 and has also reduced its rating to 'equal-weight' on the back of rising regulatory uncertainty and lower relative valuation...