ONE 97 COMMUNICATIONS LTDMis à jour PAYTM -- IDENTIFY TREND
PAYTM -- IDENTIFY TREND --HOURLY CHART - 05/05/2022
1. PAYTM at hourly chart seen first upper channel, hit sub level of 720 after trend reversal from sub 525 level .
2. upper channel breakdown at 650-660 sub level and stock fall around 580-585 level where some sign of trend reversal seen
3. stock currently trading at around 585 level very close to support level and trendline support this is crucial level for next few session
4. bellow 575 look bearish can fall to 550-525 and above 600 is triangle breakout level as well as lower channel breakout where stock can seen upper level 625-650 and so on
5. currently MACD bellow center and signal line at daily chart
6. RSI seen at 40 level at daily chart is also crucial point of breakout or breakdown
7. overall its safe to buy hourly candle close above 600 for short - mid term position.
8. for trading keep stop bellow 575 for target 595-600 BUY around 580-585
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !
HAPPY TRADING !
1. PAYTM at hourly chart seen first upper channel, hit sub level of 720 after trend reversal from sub 525 level .
2. upper channel breakdown at 650-660 sub level and stock fall around 580-585 level where some sign of trend reversal seen
3. stock currently trading at around 585 level very close to support level and trendline support this is crucial level for next few session
4. bellow 575 look bearish can fall to 550-525 and above 600 is triangle breakout level as well as lower channel breakout where stock can seen upper level 625-650 and so on
5. currently MACD bellow center and signal line at daily chart
6. RSI seen at 40 level at daily chart is also crucial point of breakout or breakdown
7. overall its safe to buy hourly candle close above 600 for short - mid term position.
8. for trading keep stop bellow 575 for target 595-600 BUY around 580-585
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !
HAPPY TRADING !
Note
here it is PAYTM touch downside target 550 today as if breakdown bellow 575.9.40 am - 05/05/2022
Note
550 will be support and 575 work as resistance now. !Note
as per chart setup paytm breakdown lower target 550=525 CLOSE bellow this level as well as broken its all time low level now 500 zone is IMP area bellow that can be more panic Selling possible from retail investors , AS FII sell off already tumble stock at this level, !
Note
13/05/2022Note
at current level last hourly candle is hammer candle that is kind of positive, if no gap down open next session. the low of hammer candle is 510 so take it as strong support next session.Note
13/05/2022Note
hourly hammer candle at 510-515 proven to be strong support with good volume, trendline breakout seen at 530-535, Which is also positive indication for near term resistance 550-560 . as target!Note
13/05/2022
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.