Paytm
Arvind Limited is one of India’s leading textile companyArvind Limited (‘the Company’) is one of India’s leading vertically integrated textile company with the presence of almost eight decades in this industry. It is among the largest denim manufacturers in the world. It also manufactures a range of cotton shirting, denim, knits and bottom weights (Khakis) fabrics and Jeans and Shirts Garments.
Will Paytm make W pattern and Elliott wave till the target ?Will Paytm make W pattern and Elliott wave till the target.
As news described:
Shares of One 97 Communications Ltd - the parent firm of Paytm - tumbled over 13 percent on Monday after the Reserve Bank of India asked the Paytm Payments Bank to stop opening new accounts amid "material supervisory concerns" observed in the bank. Morgan Stanley has reduced its target price on Paytm's stock to Rs 935 and has also reduced its rating to 'equal-weight' on the back of rising regulatory uncertainty and lower relative valuation...
PAYTM MAKING BULLISH ENGULFING PATTERNPayTm is making bullish engulfing candle stick formation on various time frame ie Daily, 4H,3H,2h. Also RSI and SMA crossover is giving positive confirmation. If cross trendline resistance than make a big move. Only for educational purpose. see your own chart study before any decision.









