Paytm stock stuck on lower circuit
As expected paytm stock got stuck on lower circuit (maximum downward move allowed in a day). Insanely large selling volumes with zero buy orders.
GlassSkin63
Stealth
8 months ago
It's actually locked in lower circuit. That means trading stopped for cooling down a bit (applicable for all stocks) . Tomorrow the blood bath will continue.
Yeah I know. Also, exchanges can adjust the lower circuit to be further down during the day if needed
GlassSkin63
Stealth
8 months ago
Basically it ate up all buy orders and will continue to eat up any future buy orders at that price. Going to be interesting next one week for paytm. Their best bet would be to be bought by a bigger player.