Paytm Chart Analysis -- Trend Line Reversal Signal

As we know Paytm is falling from the first day of listing it has trapped so many retail investors who bought it in the greed of listing gain. After listing at Rs 1950 it moves down to Rs 521 which is its all-time low. If you check in the previous chart analysis on 07-01-2022 we gave it a strong support area which was Rs 1200 and on the next day it breakdown that area which was the last hope for retailers after that you saw what happen in it. Here is the link to last chart analysis you can read- https://investingbazaar.com/chart-study/retailers-are-trapped-in-paytm-share-now-what-s-next-.php

Now Paytm is trying to build a bottom which may be proven as a reversal area for it. But the condition is it should not break its strong support area which is drawn on the chart at Rs 515-525. As it has also broken the Trend line which is drawn on the chart. It shows the stock has entered in the positive territory.

 

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We are not responsible for any profit or losses made by traders and investors. It is only the outlook of the market with reference to its previous performance. 
All information is a point of view and is for educational and informational use only. All Judicial you are advised to take your position with your sense and judgment.