PAYTM -- 15 MIN CHART -- INTRADAY SETUP -- 27/07/2022
1. Last trading session paytm seen profit booking at hourly upper channel resistance level above 750 level and sharp fall seen from that level stock seen big correction of 7-8% towards sub 690 level
2. RSI and matrix indicators also shown overbought level from there stock fall towards oversold level now 15 min chart
3. This fall technically shown as death cross negative cross of 21,44,200 HMA , circle mark as death cross level seems stock falls sharply
4. at present stock at oversold level so some bounce can seen intraday next session buy around 695-698 target 705-710-720 and stop loss bellow 687 level
5. HAMMER AND INVERSE HAMMER CANDLE form last 15 min candle as indication of some trend reversal from oversold level
5. Next session if nifty open gap down for opening and stock open bellow hammer candle 690 then stock can continue bearish momentum so no trade should initiated at this lecel
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !!
HAPPY TRADING !!