PAYTM BRAKEOUT ON DAILY CHARTNSE:PAYTM
PAYTM gives brake out on daily chart.
I am buying this stock
Near 440
And follow sl on 360
My target will be 560
My risk reward ratio is 1:2
Return on capital 26%
Paytmlong
#PAYTM LONG TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup on PAYTM on NSE
the setup is as follows
- we are using a previous low swing structure for the support
- there is good liquidity build just above our support
dont play with fire, always use predefined stoploss
Paytm long Paytm making cup and handle pattern. Long above 553 for tgt1- 640, tgt2- 707. Sl handle low or 499
PAYTM (SHALL WE INVEST OR AVOID ?????) Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
PAYTM (SHALL WE INVEST OR AVOID ?????) Please share your thoughts. I have shared my idea on chart. It's in my avoid list. Sharing my inputs in response to trader's query regarding investment in PayTM. Disclaimer: I don't have any investment/position in PAYTM STOCK.
PAYTM ELLIOTT WAVE ANALYSIS | ELLIOTT BABAWe will see paytm will touch 700 mark in coming session .
As you can see in chart according to elliott wave Wave A and Wave B hase been formed and now time is for wave C . Which can go from 653 to 700 mark with stoploss of 630
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 for short to MId Term swingExplained everything on the chart, Considerable buying from the bottom with 480 stop loss
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 )
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...
