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Paytm - CMP 950 - Monthly - Symmetrical Expanding Triangle

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Paytm has created Symmetrical Expanding Triangle in Monthly time frame

  • RSI going up continuously, still not in overbought zone
  • MACD is looking good
  • Price is above 20 Months EMA
  • volume is good for past 4-5 months
  • Crossed 930 resistance with good volume
  • DII has increased holding in June and Sep 2024, FII has decreased holdings


  • Target 1 : 1160++
  • Target 2 : 1350 , This could be next Resistance
  • if price sustain at 1350 and give breakout from triangle with good volume then Target 3 could be ATH - 1955++

Trading ditutup: stop tercapai

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