PAYTM -- INTRADAY SETUP -- 18/07/2022

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PAYTM -- HOURLY CHART -- INTRADAY SETUP


>> As per previous idea of paytm, Stock shown good bullish momentum above 680 level. now stock can seen strong upward movement from this level

>> trendline shows good support at new channel form around 700-705 level as support and 735-740 as resistance level for channel

>> RSI seen above 60 level on dialy chart which is also sign of strong upward movement from current level

>> MACD above signal and center line at daily chart bullish indicators.

>> Stock currently trading above 21, 50, 200 SMA

>> BUY can initiate on intraday at 705-710 level for target 715-725-730 stop loss bellow trendline support at 695

>> intraday support at 700-705 Resistance 730-740



** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!


HAPPY TRADING !!




Not
paytm TARGET 1 -915 HIT at 9.15 am
Not
paytm intraday high 719 at 10.30 am
Not
intraday high 724 at 11.20 am
Not
intraday target 2 -725 HIT ... 11.28 am
Not
profit book above 725 !
Not
paytm final target 3- 730 HIT... 2.48 pm !

HAPPY TRADING !!
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