1 week ago
Paytm, Tata Chemicals Buy Calls; Kalyan Jewellers Faces Key Resistance
The article gives trading ideas for three companies.
It says Paytm’s share price rose strongly after moving above an important chart pattern.
Traders may look to buy Paytm if its price falls to between Rs 1,680 and Rs 1,700.
The suggested Paytm target is as high as Rs 2,000, but Rs 1,600 is a level where the trade should be reconsidered.
Tata Chemicals also shows signs that its price could rise.
Traders may consider buying it near Rs 690–700, with a target near Rs 800–810.
Kalyan Jewellers has recently risen but is now facing selling and resistance.
Its price may need to stay above Rs 610–620 to show renewed strength, while falling below Rs 560–555 could lead to further declines.
Paytm broke above a monthly rounding-bottom pattern at Rs 1,410 and rallied to Rs 1,855.
Paytm traders may consider Rs 1,700–1,680 for accumulation, with a target of Rs 1,955–2,000 and stop loss at Rs 1,600.
Tata Chemicals remains technically constructive, with dips toward Rs 690–700 suggested as entry points and a target of Rs 800–810.
Tata Chemicals has a recommended stop loss at Rs 660 after a long-leg doji appeared following a prolonged decline.
Kalyan Jewellers is consolidating after advancing from Rs 556 to Rs 620, with resistance at Rs 610–620 and support at Rs 560–555.
- Who
- One 97 Communications, Tata Chemicals Limited, and Kalyan Jewellers India Limited.
- What
- The article presents technical trading levels, targets, supports, resistances, and stop losses for the three stocks.
- Where
- The stocks are traded in the Indian market; no specific trading venue is identified in the article.
- When
- The article refers to recent price movements and current technical setups but does not specify a publication date.
- Why
- The levels are provided to guide potential buying, risk management, and trading decisions based on chart patterns and price momentum.
Bullish Trading View
Cautious Trading View
Paytm outlook
Bullish Trading View
The breakout above Rs 1,410, rising volumes, and prices above key moving averages support a possible move toward Rs 1,955–2,000.
Cautious Trading View
A close below Rs 1,600 would represent an important downside risk and weaken the trade setup.
Tata Chemicals outlook
Bullish Trading View
The long-leg doji after a prolonged decline and strength above major moving averages suggest a potential reversal and further upside toward Rs 800–810.
Cautious Trading View
The stock has recently pulled back from its high, so the proposed trade depends on support near Rs 690–700 holding.
Kalyan Jewellers outlook
Bullish Trading View
A sustained break above the Rs 610–620 resistance band could confirm a bullish reversal.
Cautious Trading View
Profit-taking has triggered a pullback or consolidation, and a break below Rs 560–555 could send the stock toward Rs 530–525.
Key facts
- Paytm recommendation
- Buy; target price Rs 2,000; stop loss Rs 1,600.
- Paytm levels
- Accumulation zone Rs 1,700–1,680; breakout level above Rs 1,410; recent rally reached Rs 1,855.
- Tata Chemicals recommendation
- Buy; target price Rs 800; stop loss Rs 660.
- Tata Chemicals entry zone
- Dips toward Rs 690–700 are suggested as potential entry points; projected move is Rs 800–810.
- Kalyan Jewellers stance
- Caution; resistance at Rs 610–620 and support at Rs 560–555.
- Kalyan Jewellers downside
- A breach below Rs 560–555 could accelerate a decline toward Rs 530–525.
Sources
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