PAYTM --TREND ANALYSIS
PAYTM TREND ANALYSIS --HOURLY CHART.
1 . AS seen on hourly chart paytm look bullish after trendline breakout above 485 , if 15min/ hourly candle close above 485 ,
2. chart formation will be bearish if 15/min , hourly candle close bellow 440
3. support on chart seen around 445-450 and resistance 545-550 level
4 currently stock trading at 475 sub level . for initate BUY position entry after confirmation as above 485 for positional target 500-525-550
stop loss should bellow 440 level now
5. pullback seen on oversold line as RSI at Around center line at hourly chart currently.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..TRADE AT OWN RISK
**COMMENTS AND SUGGESTIONS ARE WELCOME
HAPPY TRADING, !!
1 . AS seen on hourly chart paytm look bullish after trendline breakout above 485 , if 15min/ hourly candle close above 485 ,
2. chart formation will be bearish if 15/min , hourly candle close bellow 440
3. support on chart seen around 445-450 and resistance 545-550 level
4 currently stock trading at 475 sub level . for initate BUY position entry after confirmation as above 485 for positional target 500-525-550
stop loss should bellow 440 level now
5. pullback seen on oversold line as RSI at Around center line at hourly chart currently.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..TRADE AT OWN RISK
**COMMENTS AND SUGGESTIONS ARE WELCOME
HAPPY TRADING, !!
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