PAYTM -- INTRADAY SETUP -- 08/04/2022

PAYTM -- INTRADAY SETUP - 08/04/2022 - 15 MIN CHART

1. Stock seen bullish trend above 585 level breakout last 2-3 trading session hit tarrget 650-655 where resistance seen , profit booking at this level take stock down till 625 level.

2. strong bearish candle seen on 15 min chart at trendline breakdown and short term trend seen bearish .

3. some more fall indicate tomorrow intraday if no gap up opening tomorrow , negative crossover also indicate the same

4. 600-610 level is strong support level where buy can be initiated .

5 . overall consolidation around 600-650 level can seen few session unless breakout above 650-655 .

THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk. 1

HAPPY TRADING. !

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LOW of last red candle is 615 . so watch out 600-615 ANY Trend reversal sign .

what is trend reversal sign ? . heikin ashi consecutive red candle 1 if doji green or bullish green candle form - 15 min chart apply here .

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another sign of support tomorrow we will see bullish crossover downside !

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bullish above 635 on intraday .. 1st green candle above that level. 08/04/2022
9.30 am.

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doji candle formations , indecisive trend today. !

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paytm BUY - 622 target 640 intraday today -- 11/04/2022 10.20 am

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good bounce from 622 now 633 LEVEL . ! PARTIAL PROFIT BOOK AT 633

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I BOOK INTRADAY PROFIT AT 642 ..!

HAPPY TRADING. !!

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11.55 AM - 11/04/2022