Day Trading Guide: Paytm among 4 stock recommendations for Wednesday – Stock Ideas

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Buy: Rs 835
Target: Rs 880
Stop loss: Rs 814

The stock has moved above the recent brief consolidation on the daily chart, suggesting a rise in optimism. Besides, the price is comfortably trading above the rising near-term moving average. The daily RSI is in a bullish crossover. The set-up is bullish, and the price is poised to move higher over the short term.

Analyst: Rupak De, Senior Research Analyst at LKP Securities

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)

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