Paytm bullish formation, double bottom
PAYTM has been trading in range of 975 to 880 for a while, the stock is forming a bullish candle on daily chart, RSI is also moving up from oversold zone.
the stock is in formation of double bottom near 880 levels
if stock manages to close above 950 levels today one can initiate long for the target of 1140 and 1220 in two - three month
stop of closing below 880
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Disclaimer :
-Please conduct your thorough research/analysis before doing the trade
-Idea shared is only for educational purpose
-Please trade on your own risk
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the stock is in formation of double bottom near 880 levels
if stock manages to close above 950 levels today one can initiate long for the target of 1140 and 1220 in two - three month
stop of closing below 880
*************
Disclaimer :
-Please conduct your thorough research/analysis before doing the trade
-Idea shared is only for educational purpose
-Please trade on your own risk
************
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