#PAYTM Broadening wedge setup, exactly bounced off the lower trendline and now looks pretty good.
Dont forget, MUTUAL FUNDS and MORGAN STANLEY have bought this dip massively.
Previous Lows were around 450 and that should present itself as a massive resistance. Once we break that, its bull season for and the confirmation of the double breakout will only be above 480 that is 23.6 on the fibs.
POTENTIAL UPSIDE: 656 - 791 - 994 and timeframe I am expecting is within 2024.
Invalidation of the view is on the break below 340 on closing basis on 2D timeframe.