One 97 Communications Ltd or Paytm is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the Company. The price has broken the resistance at 902 of a rectangle pattern, which signals a further rise. The stock has broken up through resistance at rupee 900.
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This predicts a further rise. In case of
negative reactions, there will now be
support at rupee 900. Volume tops and
volume bottoms correspond well with tops
and bottoms in the price. This strengthens
the trend. The stock is overall assessed as
technically positive for the medium long
term.
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