Paytm with first contraction of about 30%, second contraction of about 13% tried to breakout on 2nd June but closing was not very convincing. It failed due to escalation in middle east crises. Now formaing a narrow base with volume also drying up. It is leading to the formation of classic VCP pattern and may lead to Minervini low pivot Cheat entry if closed above 896 with supporting volumes.
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